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Report: Cerberus eyeing Harris Teeter grocery chain

NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.

In March, AB Acquisition, which is an affiliate of Cerberus Capital Management, acquired from Supervalu the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacy operations — a move that reunited all Albertsons stores under one operator.

 

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