U.S. Federal Trade Commission clears Ahold and Delhaize Group merger

Zaandam, the Netherlands, 2016-Jul-29 — /EPR Retail News/ — Zaandam, the Netherlands – Ahold and Delhaize Group have received regulatory clearance for their merger from the United States Federal Trade Commission (FTC). The companies subsequently completed the merger with the signing of the merger deed by Ahold CEO Dick Boer and Delhaize Group CEO Frans Muller today.

Jan Hommen, Ahold Supervisory Board Chairman said: “Today marks the successful completion of this cross-border merger, bringing together two great food retail companies. Ahold Delhaize is ready for a strong start, building on its strong foundation, heritage and complementary businesses.”

Dick Boer, Ahold CEO said: “Completing this merger today is an exciting and historic moment. I would like to thank all associates for their dedication and hard work. With our new leadership team, we look forward to continuing to deliver for our customers and other stakeholders.”

The merger will become effective on Sunday, July 24, 2016 at 00:01 a.m. CET. Ahold Delhaize shares will start trading on Euronext Amsterdam and Euronext Brussels on Monday, July 25 with ticker symbol AD. Ahold Delhaize American Depositary Receipts (ADRs) will trade over-the-counter in the United States and will be quoted on the OTCQX International marketplace.

Visit www.adcombined.com

Media Contacts:

Tim van der Zanden
Head of External Communications
+31 88 6595134

Maud van Gaal
Manager External Communications
+31 88 6595134

Source: Ahold Delhaize

New Whole Foods Market Midwest Distribution Center in Chicago’s Pullman Neighborhood

CHICAGO, IL, 2016-Jul-29 — /EPR Retail News/ — Chicago Mayor Rahm Emanuel and Whole Foods Market today broke ground on a 150,000 square-foot Whole Foods Market Midwest distribution facility in the Pullman neighborhood on Chicago’s South Side. Expected to open in early 2018, the new Whole Foods Market Midwest distribution center will initially employ 150 people and serve as many as 70 Whole Foods Market locations in Illinois, Indiana, Michigan, Wisconsin, Minnesota, Missouri, Nebraska and Iowa, and the Canadian province of Ontario.

“There is a renaissance happening in Pullman and this Whole Foods center will only make it stronger,” Mayor Emanuel said. “By investing in our neighborhoods and supporting projects like this distribution center, we are creating economic opportunities for families throughout Chicago. I want to thank Whole Foods for their continuing commitment to Chicago and our neighborhoods.”

Relocating from the current Whole Foods Market distribution center in Munster, Indiana, the new location offers a building double the size of the current facility. Investing in additional space to grow as the company expands its reach in Chicago and beyond, this new facility is expected to bring real, long-term economic benefits to Chicago’s Pullman neighborhood.

“We are thrilled to begin construction of our new distribution center,” Whole Foods Market Midwest Regional Vice President, Bobby Turner said. “We’ve grown so much since opening our first Midwest store in Chicago in 1993 and as our growth continues, this distribution center helps us continue our mission of providing access to fresh, healthy foods and supporting the communities where we do business.”
The new distribution center will occupy previously empty land and allow Whole Foods Market to join two major suppliers, Method and Gotham Greens, in the Pullman neighborhood.

It also builds on the company’s plan to serve Chicago’s South Side including a recently-opened location in Hyde Park and a location in Englewood that will open in the fall. Additionally, the company is hosting a Whole Foods Market Job and Employment Resource Fair for the new store in Englewood, July 29 and July 30. South Side residents can apply and interview for available positions as well as attend employment development workshops, sign up for childcare and meet with workforce support organizations. Other businesses with employment opportunities such as Starbucks will also take applications from interested residents.

The new center is among more than $225 million in public and private projects moving forward in Pullman, including: the community’s 2015 designation as a National Monument by the U.S. Park Service for its historic affiliation with industry, land use planning, and workers’ rights; the 2015 construction of Method Products’ first U.S. factory and Gotham Green’s rooftop greenhouse; the 2014 construction of the $135 million Pullman Park retail development; the current construction of a $15 million community center; and improvements to dozens of historic homes and other properties.

“With major projects like this Whole Foods distribution center, the Pullman/Roseland area is reclaiming its history as a thriving hub for manufacturing and innovation,” Alderman Anthony Beale (9th) said. “As this facility grows it will add even more jobs and have an even stronger impact in the 9th ward.”

To ensure the site was competitive with the existing facility in Indiana, City Council approved up to $8.4 million in TIF assistance to help pay for site preparation costs, including grading, demolition, and utility installation.


Allison Phelps

Source: Whole Foods Market