Richmond, VA - Richfood Holdings, Inc. and Farm Fresh, Inc., a privately-held supermarket chain based in Norfolk, Virginia, announced today that the U.S. Bankruptcy Court for the District of Delaware has confirmed Farm Fresh's plan of reorganization, pursuant to which a wholly-owned subsidiary of Richfood Holdings, Inc. will acquire substantially all of the assets, and assume certain liabilities, of Farm Fresh under the terms of a previously announced agreement. The Farm Fresh sale to Richfood is expected to close during the first week of March 1998.
Richfood Holdings, Inc., headquartered in Richmond, Va., is the largest wholesale food distributor in the Mid-Atlantic operating region. The Company provides a full range of grocery, dairy, frozen food, produce, meat and non- food items to chain and independent retailers throughout the region. The Company also operates a chain of sixteen retail grocery stores in the metropolitan Baltimore area.
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