WinCo Foods Announces Repurchase of Entire Interest of Endeavour Capital Management
BOISE, Idaho, April 23 /PRNewswire/ -- WinCo Foods, LLC announced today the successful closing of its repurchase of the entire interest held by Endeavour Capital Management in the company. As a result of the repurchase, Endeavour will no longer hold any securities in WinCo Foods, will no longer have representation on its board of managers, and will not be entitled to any further allocations or distributions from the company. The repurchase closed yesterday, April 22, 2010.
Endeavour had acquired a small minority equity interest in WinCo Foods, LLC as part of a restructuring of the company which occurred in April of 2004. Endeavour's interest was held by six separate Endeavour funds.
Founded in 1967, WinCo Foods is a regional discount supermarket company employing approximately 13,000 employee s and operating 71 stores and four distribution centers in the states of Washington, Idaho, Nevada, California, Oregon and Utah.
SOURCE WinCo Foods, LLC
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