Beemster makes it better
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
Associated Grocers of New England Inc. Acquires Five Vermont Stores

Associated Grocers of New England Inc. Acquires Five Vermont Stores


PEMBROKE, NH
Thursday, December 28th, 2017

The cooperative known as Associated Grocers of New England has announced it is will purchase five independent Vermont grocery stores owned by Mike Comeau—Village Market of Waterbury, Johnson’s Sterling Market, Shelburne Market, Richmond Market & Beverage, and Jericho Market. The purchase price was not made public, however local news source the Waterbury Record reported that the deal is expected to close on January 18.

Mike Violette, President & CEO, Associated Growers“Locally owned, independent grocery stores are the backbone of our company. It is rare to have the opportunity to acquire a retail group and have the ability to provide continuity to extremely well-run stores,” Associated Grocers President and CEO Mike Violette told the source. “We are thrilled to continue with the successful formula that has fueled the success of Mike Comeau’s five stores here in Vermont”

Village Market

Comeau's family of stores have been longtime members of Associated Grocers, and will continue to be members following the acquisition. Waterbury Record says the co-op plans to keep the stores' current employees and upper management teamin place.

Mike Comeau, Small Business Owner“My employees were a big reason for the sale,” Comeau shared with the Record. “I’ve reached a pivot point where I have a good group, but they are looking for more opportunities. They will have a lot more access to opportunities, like better health insurance, than I can currently offer, better 401K plans and benefits, and chances to move up the ladder.”

Comeau will remain in his seat on Associated Grocers' Board of Directors until his term ends in June, but says he will no longer be involved in their operation following the sale.

Associated Grocers of New England
Topics:


Beemster makes it betterEiffel 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

Have a new product, press release or story idea?

Let us know

In This Story


AGNE, Inc. is the largest retailer-owned, wholesale grocery Distribution Center In New England, serving the needs of Independent Retail Grocers.

Good Food Media Network Releases 2018 Good Food Restaurants™ List

The company releases its annual rating and economic report offering insight into the purchasing practices of chefs and restaurants and their commitment to sustainable sourcing.
View Press Release

Charlotte-Based Hissho Sushi Debuts at Bank of America Stadium for Carolina Panthers’ 2018-2019 Season

The company provides visitors and Panthers fans sophisticated, fresh options like the California Roll, Spicy Tuna Roll, and Crispy Crab Roll.
View Press Release

P3 Named Official Protein Snack of UFC®

UFC® announced a new marketing partnership with Oscar Mayer®.
View Press Release

New Tuscanini Parchment Crackers Bring the Sun-Kissed Taste of Italy to America's Table

Three handmade varieties deliver a sophisticated touch to meals and light snacks.
View Press Release