Marsh Supermarkets, LLC (f/k/a Marsh Supermarkets, Inc.) and 15 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11006 (Marsh Supermarkets Holding). The Company, which is a retail grocery service provider, is represented by Robert S. Brady of Young, Conaway, Stargatt & Taylor.
The Company announced that it has taken this measure in order to “enable its business operations to continue normally as it seeks a buyer for all or part of the 86-year-old grocery store chain.” Company C.E.O., Tom O’Boyle, comments, “After reviewing every alternative, we concluded that Chapter 11 clearly provides the most effective and efficient means to ensure the best recovery for the Company’s stakeholders.”
According to a corporate release, “In recent years, the Company has struggled to compete effectively against larger national and regional chains that have made the Indiana and Ohio grocery marketplace among the nation’s most competitive. The crowded environment has led to price-cutting and other forms of promotional activity that have put profit margins under extreme pressure.”
In September 2006, MSH Supermarkets, Inc., an affiliate of Sun Capital, completed the acquisition of Marsh Supermarkets, Inc. for a total purchase price of approximately $325 million.
Marsh Supermarkets, LLC’s Chapter 11 petition indicates total assets of $50 to 100 million.
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