Sale of Bristol Farms Announced; Stores to Continue to Operate With Independent Ownership Under Current Bristol Farms Management Team

Oct 29, 2010, 13:07 ET from Bristol Farms Stores

CARSON, Calif., Oct.29 /PRNewswire/ -- Bristol Farms announced today its sale from parent company SUPERVALU (NYSE: SVU) to the Bristol Farms management team in partnership with Endeavour Capital, an investment firm experienced in the grocery retail industry. Bristol Farms, a southern California based grocery retailer formed in 1982, now operates 13 Bristol Farms stores and one Lazy Acres store in the greater Los Angeles area, Newport Beach, La Jolla, Palm Desert, Santa Barbara and San Francisco.  The stores will continue to operate under the Bristol Farms and Lazy Acres names with the existing local management team and employee base continuing to serve customers without disruption.

"We are pleased to have been given the opportunity to partner with Endeavour Capital," said Kevin Davis, Bristol Farms' long time President and CEO.  "We look forward to returning to local and independent ownership with the opportunity to reinforce our commitment to our local vendors, to support sustainable organic and natural products, and to provide the finest quality foods and the extraordinary service our customers have grown to expect from us over the past 25 years."  Bristol Farms management and Endeavour Capital were brought together in the transaction and represented by Lloyd Greif of Greif & Co., a Los Angeles based investment banking firm specializing in mergers, acquisitions, and leveraged buyouts.

About Endeavour Capital

Endeavour Capital is a private investment firm formed in 1991 with offices in Los Angeles, Portland, and Seattle, with a focus on food manufacturing, distribution and grocery retail. Food industry investments have included Columbus Foods, New Seasons Market, WinCo Foods, Bi-Mart, Columbia Distributing, National Frozen Foods, and Columbus Foods.

SOURCE Bristol Farms Stores