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Subsequent Event
3 Months Ended
Mar. 24, 2012
Subsequent Event [Abstract]  
Subsequent Event [Text Block]

Note 12 – Subsequent Event – Acquisition

 

                On April 3, 2012, U Save Foods, Inc., a Nash Finch wholly-owned subsidiary, completed an asset purchase from Bag ‘N Save, Inc. of its twelve supermarkets located in Omaha and York, Nebraska.  The Company acquired the inventory, equipment and certain other assets of all locations as well as the real estate of six owned locations. The remaining six stores are leased.  Bag ‘N Save was one of the Company’s largest customers and the acquisition will result in a shift of sales from our Food Distribution business segment to our Retail business segment in future quarters.

 

                The aggregate purchase price paid was approximately $29.9 million in cash, and is subject to customary post-closing adjustments based upon changes in the working capital of the purchased businesses through the closing date.

 

                The twelve supermarkets representedapproximately $148.6 million in annual retail sales for their fiscal year ended December 31, 2011.  No facility closures are expected given the strategic fit of these supermarkets into the Company’s retail network.

 

                The acquisition was funded by the Company’s existing asset-backed Revolving Credit Facility.