-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NwMDzCE6Q4SQuESMesR/H+CAQI/1DFcmwGQk2NYySoOLP2ACcZeMZhCaIvSSAaw6 M6YQsPQb1ZUvIIpHTO9rgA== 0000950134-05-006968.txt : 20050406 0000950134-05-006968.hdr.sgml : 20050406 20050406162350 ACCESSION NUMBER: 0000950134-05-006968 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050331 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050406 DATE AS OF CHANGE: 20050406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NASH FINCH CO CENTRAL INDEX KEY: 0000069671 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & RELATED PRODUCTS [5140] IRS NUMBER: 410431960 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00785 FILM NUMBER: 05737211 BUSINESS ADDRESS: STREET 1: 7600 FRANCE AVE STREET 2: PO BOX 355 CITY: SOUTH MINNEAPOLIS STATE: MN ZIP: 55435-0355 BUSINESS PHONE: 6128320534 FORMER COMPANY: FORMER CONFORMED NAME: NASH CO DATE OF NAME CHANGE: 19710617 8-K 1 c94011e8vk.htm FORM 8-K e8vk
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 31, 2005

Nash-Finch Company

(Exact name of Registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation)
  0-785
(Commission
File Number)
  41-0431960
(I.R.S. Employer
Identification No.)
     
7600 France Avenue South, Minneapolis, Minnesota
(Address of principal executive offices)
  55435
(Zip Code)

Registrant’s telephone number, including area code: (952) 832-0534

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


 

Item 2.01 Completion of Acquisition or Disposition of Assets.

      On March 31, 2005, Nash-Finch Company (“Nash Finch”) announced that it completed its previously announced purchase from Roundy’s, Inc. of substantially all of the assets relating to two wholesale food and non-food distribution centers located in Lima, Ohio and Westville, Indiana, the wholesale food and non-food distribution business conducted by Roundy’s out of those distribution centers and an additional leased warehouse, two Pick ‘n Save® grocery stores located in Ironton, Ohio and Van Wert, Ohio and the retail grocery business conducted from those stores, Roundy’s general merchandise and health and beauty care products distribution business involving the customers of the two purchased distribution centers, any inventory at the purchased facilities and all customer contracts related to the purchased facilities. Nash Finch has also assumed certain trade payables, accrued expenses and receivables associated with the assets being acquired, but has not assumed any indebtedness in connection with the acquisition.

      The aggregate purchase price paid was approximately $225 million in cash, and is subject to customary adjustments based upon changes in the net assets of the purchased businesses through the closing date.

      Attached to this Current Report on Form 8-K as Exhibit 99.1 is a copy of the Nash Finch press release dated March 31, 2005.

Item 9.01 Financial Statements and Exhibits.

(a)   Financial statements of the businesses acquired.
 
    The financial statements required by Item 9.01(a) will be filed by amendment as soon as practicable within the time period specified in Item 9.01(a) (4) of Form 8-K.
 
(b)   Pro forma financial information.
 
    The pro forma financial information required by Item 9.01(b) will be filed by amendment as soon as practicable within the time period specified in Item 9.01(a)(4) of Form 8-K.
 
(c)   Exhibits.

     
Exhibit    
No.   Description
  2.1
  Asset Purchase Agreement between Roundy’s, Inc. and Nash-Finch Company, dated as of February 24, 2005 (incorporated by reference to Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed February 28, 2005 (File No. 0-785)).
 
   
99.1
  Press release issued by the Registrant, dated March 31, 2005.

2


 

SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  NASH-FINCH COMPANY
 
 
Date: April 6, 2005  By:   /s/ LeAnne M. Stewart    
    Name:   LeAnne M. Stewart   
    Title:   Senior Vice President and Chief Financial Officer   
 

3


 

NASH-FINCH COMPANY
EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
DATED MARCH 31, 2005

         
Exhibit        
No.   Description   Method of Filing
  2.1
  Asset Purchase Agreement between Roundy’s, Inc. and Nash-Finch Company, dated as of February 24, 2005.   Incorporated by reference
 
       
99.1
  Press release issued by the Registrant, dated March 31, 2005.   Filed herewith electronically

4

EX-99.1 2 c94011exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1

 

Nash-Finch Company   NEWS RELEASE

NASH FINCH COMPLETES STRATEGIC ACQUISITION OF
DISTRIBUTION CENTERS

Acquired Roundy’s Distribution Centers Represent Approximately
$1.0 Billion in Annual Food Distribution Sales

      MINNEAPOLIS (March 31, 2005) — Nash Finch Company (NASDAQ: NAFC), announced today that it has completed the purchase from Roundy’s Inc. of the net assets, including customer contracts, of the wholesale food distribution divisions in Westville, Indiana, and Lima, Ohio, and two retail stores in Ironton and Van Wert, Ohio, for approximately $225 million. The Company had announced its agreement to purchase these assets on February 24, 2005.

      The Westville and Lima Divisions represent approximately $1.0 billion in annual food distribution sales, servicing over five hundred customers principally in Indiana, Illinois, Ohio and Michigan. No facility closures are expected given the strategic fit of these distribution centers into the Nash Finch network.

      “We are very pleased that this purchase is complete and we look forward to a smooth transition,” stated Ron Marshall, Chief Executive Officer. “Over the past few weeks, I have visited many of our new independent operators and I am impressed with their innovative stores and their uniform passion for supermarket retailing. Our continuing commitment to all our independent customers is to help them grow their businesses in an increasingly competitive market. Everyone at Nash Finch — including the approximately 800 new associates we welcomed to the Company today — is excited about the opportunities we now have to expand our merchandising programs and improve productivity throughout our distribution network.”

      New Nash Finch customer Richard L. Riesbeck, President and Chief Executive Officer of Riesbeck Food Markets, a thirteen store supermarket chain in Ohio and West Virginia for more than 80 years, with an emphasis on quality and value, echoed these expectations, commenting, “We are impressed by the Nash Finch organization and they have assured us of their focused commitment to their retail customers — both new and existing. We are confident that the transition will result in continued, positive performance for Riesbeck’s and continued value for our customers.”

      Bob Bartels, Chairman of Martin’s Super Markets, a family-owned chain of more than twenty stores in Indiana and Michigan, well known for strong community involvement and innovative ideas, and now a Nash Finch customer, agreed stating, “We look forward to a seamless transition to supply by Nash Finch. We are confident that we will be well-equipped to continue to provide our customers the highest level of value, variety, quality and service that they have come to expect.”

      Nash Finch Company is a Fortune 500 company and one of the leading food distribution companies in the United States. Nash Finch’s food distribution business serves independent retailers and military commissaries in 28 states, the District of Columbia, Europe, Cuba, Puerto Rico, Iceland, the Azores and Honduras. The Company also owns and operates retail stores primarily in the Upper Midwest. Further information is available on the Company’s website at www.nashfinch.com.


 

      The statements in this release that refer to anticipated financial results, improvements, plans and developments are forward-looking statements based on current expectations and assumptions, and entail risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors that could cause material differences include the Company’s ability to successfully integrate into its business the acquired distribution centers and related assets, the effect of competition on the Company’s distribution and retail businesses; general economic conditions; credit risk from financial accommodations extended to customers; changes in consumer spending and buying patterns; limitations on financial and operating flexibility due to debt levels and debt instrument covenants; and other cautionary factors discussed in the Company’s periodic reports filed with the SEC. The Company does not undertake to update forward-looking statements to reflect future events or circumstances, but investors are advised to consult future disclosures involving these topics in our periodic reports filed with the SEC.

# # #

Contact: LeAnne Stewart, 952-844-1060

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