Marsh Supermarkets

Marsh Supermarkets
Marsh Supermarkets, Inc.
Type Private
Industry Retail (Grocery)
Founded 1931
Headquarters Indianapolis, Indiana
Number of locations 97
Key people Joe Kelley, President and CEO
Products Grocery
Owner(s) Sun Capital Partners
Employees 9,000
Website www.marsh.net

Marsh Supermarkets is a retail food chain headquartered in Indianapolis, Indiana, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida.

Contents

History

Founded in 1931 in Muncie, the company went public in 1953 and has since grown to 97 locations. Of the 97 locations, 69 are marketed as Marsh Supermarkets, 3 are O’Malia’s Market and 25 are the MainStreet Market banner.

One of Marsh's most distinguishing features has been its innovation and early adoption of retail technology[1]. On June 26, 1974, a Marsh location in Troy, Ohio, became the first grocery store in the world to use a bar code scanner.

Sale and acquisition

Citing increased competition, Marsh announced on November 29, 2005, that it had engaged Merrill Lynch to investigate the possible sale of the company. In April 2006 the company signed a letter of intent to be purchased by an affiliate of Sun Capital Partners, a Florida-based investment firm that specializes in leveraged buyouts. The deal would allow Sun Capital to purchase all outstanding Marsh shares for $11.13 per share, for a total of approximately $88 million.

On September 27th MSH Supermarkets, Inc., an affiliate of Sun Capital, completed the acquisition of Marsh Supermarkets, Inc. (Nasdaq: MARSA) (Nasdaq: MARSB) (Marsh) for a total purchase price of approximately $325 million. Frank Lazaran was appointed President and CEO of Marsh, as a result of Don Marsh's previously announced resignation.

In June 2007, Sun Capital Partners announced that they would be splitting Village Pantry Convenience Stores from Marsh. Village Pantry now reports directly to Sun Capital Partners.[2]

In May 2011, Frank Lazaran departed as the Marsh President and CEO for family reasons. Sun Capital brought in Joe Kelley as the new President and CEO. Joe Kelley brings over 25 years of experience to Marsh from his past positions at Purity Supreme, A&P, Bozzuto’s, Inc., Adams Hometown Markets and Price Chopper Supermarkets.

References

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Marsh (disambiguation) — A marsh is a type of wetland. Marsh may also refer to: Contents 1 Medicine 2 Places 3 Companies …   Wikipedia

  • Supermarkets in the United States — This is a list of supermarket companies in the United States of America and the names of supermarkets which are owned or franchised by these companies. For supermarkets worldwide see List of supermarkets . National chains * Aldi* Costco* Delhaize …   Wikipedia

  • National Supermarkets — National logo used for both divisions in the USA National Supermarkets was the second largest grocery chain in both the St. Louis, Missouri and New Orleans, Louisiana areas of the United States. Both firms were owned by Loblaw Companies of Canada …   Wikipedia

  • MARSA — Marsh Supermarkets, Inc. Class A (Business » NASDAQ Symbols) …   Abbreviations dictionary

  • MARSB — Marsh Supermarkets, Inc. Class B (Business » NASDAQ Symbols) …   Abbreviations dictionary

  • Sun Capital Partners — Sun Capital Partners, Inc. is a private investment firm focused on leveraged buyouts, equity, debt, and other investments in market leading companies. Sun Capital affiliates have invested in and managed more than 145 companies worldwide with… …   Wikipedia

  • VPS Convenience — is an American convenience store chain, currently headquartered in Wilmington, North Carolina. History Village Pantry was founded as a convenience store chain division of Marsh Supermarkets, founded in Yorktown, Indiana. Village Pantry sold… …   Wikipedia

  • Store brand — Marketing Key concepts Product marketing · Pricing …   Wikipedia

  • Village Pantry — was founded as a convenience store chain division of Marsh Supermarkets, founded in Yorktown, Indiana, and currently headquartered in Indianapolis. Village Pantry sells Marathon branded fuels, and have 148 convenience stores as of 2007. [… …   Wikipedia

  • Red — This article is about the color. For other uses, see Red (disambiguation). Red   Spectral coordinates  Wavelength 620–740 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”