Mergers and acquisitions over recent years has been the most common feature in the grocery industry. This is because most of the players in the industry are seeking better and more innovative ways of ensuring that they are able to make the most out of the resources they have and are able to maintain their market share in their respective regions. Having a merger is one way of ensuring that the companies in the merger are able to combine resources and provide improved and better quality of services to their customers. The biggest news regarding acquisitions in the grocery industry over the past few days is most certainly the plans of Buehler’s Fresh Foods to acquire Portage Lakes IGA. Portage Lakes is an independently owned grocery store located in Akron, Ohio.
Though the purchase price for the deal has not yet been disclosed, the officials at Buehler say that the deal is expected to close by the month of July. Despite the acquisition, the priority of the company remains to provide the highest quality of services to their customers. The acquisition is not expected to change this. The company will be overhauling the management policies of Portage Lakes to include their own management policies. This will ensure that customers continue to receive the same quality of services they have always received from the company. Until the deal is finalized, the management at Porter Lakes has insisted that the company will continue to provide the same quality of services and operate at the same working hours.