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Fleming Completes Scrivner Acquisition

About 3 pages (787 words)

The Journal Record, July 20th, 1994

The $1.08 billion merger of Scrivner Inc. into Fleming Companies Inc., completed Tuesday, creates the opportunity for massive economies of scale that could have the ultimate effect of driving down food costs for the consumer. Tom Olson, publisher of the Atlanta trade journal Food People, said the merger will give the enlarged Fleming more purchasing power, which in turn will translate to better prices for both its company-owned and independent stores. "It will be able to buy on a larger scale. If Fleming becomes a bigger player _ and it has _ it should be able to increase its purchasing powe...

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Nancy Raiden Titus. The Journal Record, July 20th, 1994. Fleming Completes Scrivner Acquisition. Content provided by HighBeam Research.

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