Zach Horn spoke with Steve Watkins of the Cincinnati Business Courier about the potential for Kroger to make another acquisition. Here is an excerpt from the story:
Zach Horn, an investment manager at Foster & Motley, an investment advisory firm based in the Kenwood area of Sycamore Township, said Kroger has likely had its eye on Cub Foods for a while and the recent SuperValu sale makes a deal more likely.
“With an acquisition of Cub Foods, Kroger would grab a solid share of the grocery market in the Twin Cities,” Horn said.
Rite Aid has 4,600 stores around the country. It would give Kroger a foothold in some markets where it doesn’t now have grocery stores. And it could enable Kroger to expand its pharmacy business, giving it additional scale that could help it build a competitive edge, Horn said.
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