C&S Wholesale Grocers to Acquire Olean Wholesale Grocery
On Dec. 5, 2018, C&S Wholesale Grocers announced it had signed an agreement to acquire Olean Wholesale Grocery Co-Op based in Olean, NY. The sale is expected to close in early 2019.
Olean Wholesale, a New York cooperative corporation founded in 1922, is a full-service grocery wholesaler with a variety of food products as well as non-food, household and personal care items that services more than 270 independent food retail and convenience stores throughout New York, Pennsylvania and Northeast Ohio. Current CEO and President, Robert Ketchner, will continue to manage the day-to-day operations, ensuring consistency for the employees, customers and vendors.
“As proven by the nearly 100 years of success with Olean Wholesale’s premier service model, Bob and the Olean team have established themselves as outstanding operators in the wholesale food business,” said Mike Duffy, C&S CEO. “We have admired Olean Wholesale and the impressive organization its talented employees have built and very much look forward to partnering with the Olean team to continue this tradition and to expand the solutions available to their customers with the additional strength and scale of C&S,” Duffy said.
“I am excited about the future and the new opportunities this partnership will offer the members of Olean Wholesale. I believe that having the opportunity to combine the unquestioned service and dedication to our retailers with the scale and expertise of C&S will only make us better. I have had the pleasure of servicing our members for more than 20 years, and I look forward to working with our team for many more,” said Olean CEO Robert Ketchner.