Court filing: Marsh seeks OK to sell 26 grocery stores

Robyn Ryan
June 15, 2017

The company also operates Community Markets, Great Scott Community Markets, Sack 'N Save Supermarket and Chief. Earlier this month, Marsh closed the store on Broadway in Anderson.

The Tipton Marsh is now the only supermarket in Tipton County.

Two Ohio-based firms offered to buy more than half of the remaining Marsh grocery stores at Monday's bankruptcy auction.

Fishers-based Marsh said in a bankruptcy court filing Tuesday that the store purchasers-Cincinnati-based Kroger Co. and Findlay, Ohio-based Fresh Encounter Inc.

Topvalco plans to purchase 11 Marsh locations for $16 million, and Generative Growth II has agreed to buy 15 locations for $8 million. As a condition of the purchase, CVS negotiated that the Marsh stores where a pharmacy operated be precluded from operating another pharmacy for five years.

Fresh Encounters bid $8 million on four locations in OH and 11 others around central Indiana.

The deal leaves no buyer for 18 other Marsh stores still open in IN, including ones in and around Indianapolis, Carmel, Lafayette and Kokomo.

Winning Bidder Topvalco, Inc. bought the leases for 10679 N. Michigan Road and 5 Boone Village, both in Zionsville, along with several other stores.

IBJ reported that the sales of the stores, which require bankruptcy court approval, must surmount the objection of Woonsocket, R.I. -based CVS Health, which in April acquired Marsh's pharmacy accounts and inventory for $38 million.

This story will be updated.

Other reports by VideoGamingPros

Discuss This Article

FOLLOW OUR NEWSPAPER