Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
BelGioioso - Burrata & Stracciatella
Brookshire Grocery Announces Termination of Potential $1 Billion Sale

Brookshire Grocery Announces Termination of Potential $1 Billion Sale


TYLER, TX
Tuesday, November 24th, 2015

The Brookshire Grocery Company delivered some good news to its workers this holiday week.

Brad Brookshire, Chairman of the Board, sent out a letter yesterday, notifying employees that the chain has decided that it will not pursue a sale, according to KLTV.

As we previously reported, news hit last month that Brookshire was working with JP Morgan & Chase to coordinate a sale worth upwards of $1 billion, including debt that had attracted large banners like Albertsons.

Photo Source: The Fourney Post

Now, according to KLTV, the chain has decided to change tactics, with no more intentions of putting itself on the market.

“I am pleased to announce that the Board of Directors of the Company has decided this morning to discontinue the sale process of our company,” Brookshire wrote in his letter to employees, according to the report. “The company is no longer for sale and we can now focus on the things that matter most - our customers and partners. I personally want to thank each of you for sticking with us during these past few months of difficult uncertainty.”

 

A photo posted by Brookshires (@brookshires_) on Feb 24, 2015 at 2:51pm PST

The Brookshire chains were founded in 1928 in its home of Tyler, Texas, having now grown to operating more than 150 stores in Texas, Louisiana, and Arkansas under the Brookshire's, Super 1 Foods, and FRESH by Brookshire brands.

Brookshire Grocery Company


Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperatureBelGioioso - Burrata & Stracciatella

Have a new product, press release or story idea?

Let us know

In This Story


For over 85 years Brookshire’s has been providing only the very best for our customers. We offer a wide variety of fresh local produce, meat cut in store daily and free, convenient carry out...

The Spice Lab is Now USDA NOP Organic Certified

The USDA Organic seal assures consumers that products are 95% or more certified organic.
View Press Release

Valio Unveils On-Trend Food Innovations and Ingredients Solutions at SIAL Paris

The company plans to showcase its latest food innovations and tailor-made ingredients solutions at the upcoming show.
View Press Release

Charlotte-Based Hissho Sushi Makes N.C. Mid-Market Fast 40 List

This year marks 20 years since Hissho Sushi was founded in Charlotte, NC.
View Press Release

Anheuser-Busch Inbev & DS Smith Plastics Named 2018 Excellence in Reusable Packaging Award Winners

RPA announces two winners in the 2018 Excellence in Reusable Packaging award program.
View Press Release

It's Pumpkin Spice Season!

Litehouse debuts a fresh look for its line of deliciously indulgent caramel dips and a limited-edition flavor: Pumpkin Spice Caramel.
View Press Release

Time to Step Up Your Fall Menu Plan; Pereg Natural Foods Gets You Started

Suffering from pumpkin spice fatigue? Here are 14 savory reasons why you still need pumpkin spice in your life.
View Press Release

New Snack Bars Take the Tahini Craze to Healthy Delicious Heights

Absolutely Gluten Free introduces TahiniBAR, the energy bar made from sesame seeds, in three exciting flavors.
View Press Release

Apex to Represent Ice-O-Matic® in MAFSI Territory 16 & 19

Sales and sales support coverage by the global ice machine manufacturer now includes multiple states in the Midwestern U.S. with personnel in four major cities.
View Press Release

HNINA Receives Chocolatier's Award

International Chocolate Salon honors Vanessa (Hnina) Morgenstern-Kenan with The Chocolatier's Award.
View Press Release