Supervalu completes Total Logistics acquisition

Supervalu has completed the acquisition of Total Logistics, a provider of integrated third-party logistics services and manufacturer of premier refrigeration systems, for around US$230 million. Jeff Noddle, chairman and CEO of SUPERVALU, stated: "We are extremely pleased to complete this acquisition. Total Logistics is a perfect fit with SUPERVALU's long-term strategic goals for our third-party logistics business. SUPERVALU's strength, experience and resources, combined with Total Logistics' solid customer base, comprehensive supply chain services offering and critical mass, enables us to offer an expanded suite of logistics solutions to current and prospective customers -- not only in the food business but in other industries as well."