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August 28, 2015 9:02 AM ET

Food and Staples Retailing

Company Overview of K-VA-T Food Stores, Inc.

Company Overview

K-VA-T Food Stores, Inc., doing business as Food City, owns and operates a chain of supermarkets in southwest Virginia, eastern Kentucky, and east Tennessee. It retails grocery and pet products, such as baking products, beverages, candies, cereal and breakfast foods, coffee and tea products, dairy products, dressings, sauces and spreads, gluten free foods, herbs and spices, household items, infant products, pasta and rice items, pet care products, snacks, cookies and chips, soups, and canned goods; and kitchen and dining products, including cookware and bakeware, cutlery, dinnerware, drinkware and barware, flatware, furniture, kitchen accessories, kitchen appliances, kitchen storage/organiza...

201 Trigg Street

Abingdon, VA 24210

United States

Founded in 1955

Phone:

276-623-5100

Fax:

276-623-5440

Key Executives for K-VA-T Food Stores, Inc.

Chief Executive Officer and President
Age: 57
Founder and Chairman
Age: 90
Chief Financial Officer and Senior Vice President
Executive Vice President and Director of Store Operations
Vice President of Center Store Operations
Compensation as of Fiscal Year 2015.

K-VA-T Food Stores, Inc. Key Developments

K-VA-T Food Stores Appoints Ross Purdy as VP of Center Store Operations

K-VA-T Food Stores announced that Ross Purdy has joined the company as VP of center store operations. Purdy, formerly of Daymon Worldwide, brings more than 35 years of industry experience to K-VA-T's Food City team. Prior to joining Food City, Purdy served in a number of positions with Daymon Worldwide, gaining experience in grocery, wholesale, mass and dollar channels. His new responsibilities with Food City will include the oversight of all center store operations, supervision of the category management staff, space management team, grocery supervisors and coordination of the consumer product goods partners.

Southeastern Grocers to Transfer 29 Chattanooga-Area BI-LO Stores to K-VA-T Food Stores, Inc

K-VA-T Food Stores, Inc. and Southeastern Grocers, LLC announced that they have entered into an agreement under which K-VA-T will acquire 29 BI-LO stores located in Chattanooga, Tennessee and Northwest Georgia from Southeastern Grocers. K-VA-T intends to continue to operate all of these stores under the Food City banner and hire the vast majority of their store associates, retaining their years of service. Southeastern Grocers and K-VA-T anticipate that the transfer and handoff dates of the 29 BI-LO stores will begin August 30, 2015, with all stores fully transitioned by October 5, 2015, subject to the satisfaction of customary closing conditions.

Food City to Open New Store at Rutledge Pike in Blaine, Tennessee

Food City announced its plans to open a new store at Rutledge Pike in Blaine, Tennessee. The 44,500+ square foot supermarket will be the chain's first location in Grainger County and is expected to be completed by fall. The location will include an in-store bakery/deli, complete with a hot food bar and sit-down cafe. Full service meat and seafood departments will offer pre-marinated and seasoned oven ready products, plus a complete selection of top quality meats that are all-natural with no solutions added, including Certified Angus Beef. In-house meat cutters will hand cut steaks and fresh meat to order. The Food City Floral Boutique will be staffed with a designer seven days per week, offering a full assortment of fresh-cut floral arrangements, bouquets, gift items and more. Rapid checkout service will be provided by six traditional check-out lanes, one express lane and four self-check-outs. For added convenience, the store will also offer a Food City Pharmacy, equipped with a drive-thru for greater ease in prescription services and a Food City Gas N' Go with a large five pump station, including diesel fuel. The new location also features an open rafter ceiling and several award winning energy saving concepts. These range from energy efficient glass cooler doors, parking lot lights and refrigeration systems to motion sensors, LED lighting and a new skylight system that automatically dims the lights based upon the level of natural lighting for maximum energy efficiency.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 23, 2015
Southeastern Grocers, LLC, 29 BI-LO Stores in Chattanooga
 

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