Grocery distributor buys convenience store supplier

Grocers Supply Co., an Indianapolis-based wholesale distributor of grocery products, has purchased the assets of K Enterprises in Danville.

Terms of the deal were not disclosed.

Grocers Supply President Scott Weaver said K Enterprises, a wholesale distributor to independent convenience and liquor stores, was financially “distressed” and that his company bought the assets from its bank.

The addition of K Enterprises’ customers expands Grocers Supply’s clientele to more than 800 in five Midwestern states.

Founded in 1938, Grocers Supply has 80 employees and annual revenue of more than $60 million. Its 260,000-square-foot warehouse and headquarters is located on the west side near Interstates 70 and 465.

K Enterprises had 12 employees and roughly $2 million in annual revenue. Weaver said some of the employees, excluding executives, will join Grocers Supply.
 

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