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Boston Private Equity Firm Goes Grocery Shopping Out West

Oct 13, 2009 | Reprints | Unlock Link | Print

Berkshire Partners LLC has invested an undisclosed amount in Grocery Outlet Inc., a grocery retailer with more than 135 stores in the western United States.

Headquartered in Berkeley, Calif., Grocery Outlet is a third-generation family-owned business founded in 1946. The company said in a press release it is able to offer brand name products up to 60 percent below traditional retailers by purchasing discounted surplus inventory directly from more than 2,500 grocery manufacturers.

"We believe Grocery Outlet has a unique operating model that offers customers tremendous values on brand names they trust in a friendly, high-quality shopping environment," said Chris Hadley, managing director of Berkshire Partners.

Commercial & Industrial