Central Grocers Cooperative
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Central Grocers Cooperative, founded in 1917 as Central Wholesale Grocers,[1] was a retailers' cooperative based in Joliet, Illinois, near Chicago. It distributed both brand name and private label goods branded as Centrella and Silver Cup Value Buy to about 400 member-owner grocery stores in Iowa, Indiana, Illinois, and Wisconsin.
It supplied several grocery stores in Indiana and Illinois, including Strack & Van Til (acquired in 1998[2]), Town & Country, Key Market, and Ultra Foods. It also purchased a number of former Cub Foods locations in the Chicago area, some of which it operated as Strack and Van Til and Ultra Foods. Also Gray's Foods in Rockford. Fellow co-op Certified Grocers Midwest merged into Central Grocers in 2008.[3][4] Prior to 2009, the company was headquartered in Franklin Park, Illinois.[5][6]
As of 2013, it was the seventh largest grocery cooperative in the United States, with over $2 billion on consolidated annual sales.[7]
On May 2, 2017, an involuntary petition under Chapter 7 of the U.S. Bankruptcy Code was filed against Central Grocers, Inc., in the U.S. Bankruptcy Court for the Northern District of Illinois. The petitioning creditors were The Coca-Cola Company, General Mills, Inc., Mars Financial Services, and Post Consumer Brands. On May 4, 2017, Central Grocers filed for Chapter 11 bankruptcy and plans to close their distribution center and sell 22 of its Strack and Van Til stores, plus seven of its Ultra stores. SuperValu subsequently agreed to buy the distribution center.[8][9]
References[edit]
- Smaller grocers circling Chicago: Stores open in outlying towns; are burbs next? by H. Lee Murphy in Crain's Chicago Business, 2 16, 2006
- ^ National Grocers Bulletin, Volume 19 (1932) ("The initial capital was $25,000 in 1917. This was doubled two years later. ... favorable reputation for safe operating and fair dealing have brought the Central Wholesale Grocers to their present very enviable position.")
- ^ Lazarus, George (16 August 2000). Central Grocers Puts Sterk Chain Into Its Basket, Chicago Tribune
- ^ Central Grocers, Certified Midwest to Merge Archived copy
- ^ HighBeam
- ^ Manor, Robert (19 March 2008). Grocery cooperative may move from Franklin Park, Chicago Tribune
- ^ Okon, Bob (26 Jan 2011). More than 1,000 try for 50 union jobs in Joliet Archived 2014-09-11 at the Wayback Machine, Chicago Sun Times
- ^ "Central Grocers CEO to retire after 35 years - the Business Ledger". Archived from the original on 2014-09-10. Retrieved 2014-09-09.
- ^ Rucinski, Tracy (May 4, 2017). "Illinois' Central Grocers files for bankruptcy as business slows down". Reuters. Retrieved June 19, 2017.
- ^ Trotter, Greg (May 4, 2017). "Supervalu buys Central Grocers warehouse; deal may put more store brands in supermarkets". Chicago Tribune. Retrieved July 26, 2017.
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- Companies based in Will County, Illinois
- Economy of the Midwestern United States
- American companies established in 1917
- Retail companies established in 1917
- Retailers' cooperatives in the United States
- Companies that filed for Chapter 11 bankruptcy in 2017
- Companies that filed for Chapter 7 bankruptcy in 2017
- Companies that have filed for Chapter 7 bankruptcy
- 1917 establishments in Illinois
- Cooperatives based in Illinois
- Food company stubs