Yucaipa Cos., the Ronald Burkle-controlled investment firm that has just acquired a sizable stake in Pathmark, has informed the US Securities and Exchange Commission (SEC) that the chain is “a viable platform for future consolidation,” and that “there are “significant opportunities in the supermarket industry in the Northeast.”
In other words, Burkle – who helped to change the face of west coast food retailing through his acquisitions and divestitures – has plans to do much the same for east coast.
In other words, Burkle – who helped to change the face of west coast food retailing through his acquisitions and divestitures – has plans to do much the same for east coast.
- KC's View:
- Anyone who thought that Burkle and Yucaipa had anything less in mind was probably just kidding themselves.
