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Shaw's to be Sold in $3.3 Billion Deal

The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management.

Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday.

Cerberus Capital Management is a private equity firm that also controls Steward Hospital Health Care System.

Supervalu Inc. of Minnesota owns Shaw's and Star Market and is expect to sell 169 stores as part of the deal for $100 million in cash, while Cerberus will assume $3.2 billion in existing debt the Globe reports.

While the Boston Herald wrote "no immediate changes are planned for the West Bridgewater-based Shaw’s and Star Market grocery chains," the paper reported the deal "prompted speculation that some Shaw’s and Star Markets could return to the block after the deal closes," giving the opportunity for other area supermarket chains to possibly acquire current Shaw's locations.

deb of see-attleboro January 12, 2013 at 01:57 PM
There is no big deal So relax.
Muriel Reilly January 12, 2013 at 04:05 PM
Shaw's is way over-priced, Stop & Shop as well. I give both those stores in this area 10-15 years. On a great note, Market Basket will be opening in the former Shaw's location in South Attleboro some time in 2013/2014. I can't wait! Love them! I did an experiment this past summer and for every $60 spent at MB, it would cost you $100 at Stop & Shop. I currently split my grocery shopping mainly between Aldi in East Providence and Seabra in Attleboro. I'm not impressed with Walmart - I tried their produce once or twice - looks beautiful, zero flavor.
Carol Siegel January 12, 2013 at 04:22 PM
I've gone back to the Stoughton Shaw's (Washington Street) to get the very best prices. I also shop at Costco, BJ's, Roche Bros., Sudbury Farms, Market Basket and Stop and Shop. The prices vary weekly in all the stores. But the best bargains are always the weekly specials, the seasonal produce and meats. I like the local Shaws because it isn't too big. I want to get what's on my list, check out any Mgrs. specials and sales, and get out. I havent waited long in line or encountered anything but helpful staff. And no, I don't work there. I'd hate to see it go for so many different reasons. I don't shop Walmart for food, because too many times they have charged me sales tax on non-taxable items like 1/2 gallon of apple juice. When I complained, they didn't understand why. The manager was really angry that I would take up his time to complain about it. Sure, it was a computer glitch, but since it was a sale item, lots of people were paying tax unnecessisarily. Shaw's has seen our area through some bad times, hired lots of local kids and supported all the local charities through the years. They have a lot of competition out there, and although these supermarket price wars are beneficial to us consumers, they are only temporary while the new stores establish themselves. When Market Basket opens their Avon store, it will throw the balance off again.
Heather January 12, 2013 at 05:33 PM
Deb, we own a secure gun cabinet with a double lock the the kids can't can't get into. This is where we store their BB Guns when no in use. My boys do target practice but when they grow up my husband will teach them to hunt as he is a hunter. I know that starting them early with the target practice will make them more responsible as adults if they choose to hunt. And they will not hunt for fun, they will hunt for food. Everything my husband hunts (usually ducks, turkeys and phesants) are always consumed by the family.
David Dallaire January 13, 2013 at 07:05 PM
Good riddens to them. I can get $90.00 worth of groceries at Market basket rather than $43.00 at Shaws. They are very expensive. The quality of their food is sub standard. I've bought three loaves of bread from the one in Stoughton, and two days later they are full of mold. God forbid you go to the deli and ask for something while the employees are talking about their personal lives. They are not consistent with their baking depts as far as products baked..

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