FISHERS, Indiana (AP) — A bankruptcy court document says two Ohio-based grocery chains have agreed to buy 26 of Marsh Supermarkets’ 44 remaining stores for a total of $24 million.
The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 15 stores to Findlay-based Fresh Encounter parent Generative Growth LLC for about $8 million and 11 stores to Kroger Co. subsidiary Topvalco Inc. for $16 million.
Generative Growth agreed to buy two Indianapolis stores; other Indiana stores in Columbus, Elwood, Greensburg, Hartford City, Marion, New Palestine, Pendleton, Richmond and Tipton; and Ohio stores in Eaton, Middletown, Troy and Van Wert.
Generative Growth is a privately held company whose members include Michael S. Needler Jr., chief executive officer of Fresh Encounter, and Julie Needler Anderson, director of marketing for Fresh Encounter.
Fresh Encounter currently has 34 stores in Ohio and Indiana, including Great Scot, Community Markets and Sack n’ Save, to 44 stores.
Topvalco agreed to buy stores in Bloomington, Indianapolis, Muncie, Zionsville, Fishers and Greenwood.
Marsh closed 19 stores in May.
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