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Wind-Down Sale In Progress at Central Grocers' Joliet, IL Facility

June 27, 2017

 Grocers, wholesalers and close-out specialists benefiting from major discounts on more than $20 million of groceries from retailer-owned co-op in sale conducted by HYPERAMS and Tiger Group. 

 

JOLIET, Ill. (6/26/17) — HYPERAMS LLC and Tiger Group are liquidating the inventory of Central Grocers Inc., a retailer-owned cooperative that operated as a wholesaler for approximately 400 independent grocery stores, through an orderly wholesale wind-down sale now underway at the company’s headquarters/distribution center in Joliet.

 

During the wind-down, more than $20 million of dry grocery products, frozen foods and a limited selection of fresh meat and produce are being offered at up to 50 percent off wholesale prices. The inventory includes major brands like General Mills, Kraft, Stouffers, Dannon, Heinz and Pepperidge Farm, along with Hispanic products and items under the co-op’s Centrella private label. The inventory may be inspected by appointment only at 2600 West Haven Ave., Joliet.

 

“The grocery industry operates under very tight margins, and we’ve been overwhelmed by the positive response from retailers, wholesalers and close-out specialists to this limited-time opportunity at extremely low prices,” said Andy Babcock, Director of Transition Advisory Services at Tiger Group.

 

“Through the initial phases of the sale, we and Tiger are committed to maintaining the supply chain, including offering customer service and delivery consistent with Central Grocers’ normal course of business,” said HYPERAMS President Tom Pabst. “This orderly sale of the inventory will be followed by a series of auctions of the company’s fixed assets and fleet.”

 

Offers, inquiries or inspection requests can be submitted to: John Mitchell, jmitchell@centralgrocers.com, (815) 553-8821.

 

For further information, visit: www.soldtiger.com Central Grocers Inc. filed for voluntary bankruptcy on May 4, 2016 in the U.S. Bankruptcy Court, District of Delaware (Case Number 1:17-bk-10993).

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