Sobeys owner Empire to acquire Farm Boy in $800 million deal

Canadian food retailer Empire Co Ltd said on Monday it would acquire privately held grocer Farm Boy Inc for an enterprise value of $800 million to increase its presence in Ontario.

Ottawa-based Farm Boy, which specializes in “farm-to-table” wholesale, will be acquired from Berkshire Partners, following which it will be set up as a separate company within Empire’s structure.

“It will be a growth vehicle in urban and suburban markets,” Empire Chief Executive Michael Medline said,...

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