Two Ohio-based grocery chains have agreed to buy 26 of Marsh Supermarkets’ 44 remaining stores for a total of $24 million, according to a bankruptcy court document.
Fishers-based Marsh is selling off the stores after closing 19 in May and filing to reorganize under the protection of bankruptcy.
The court filing, posted early Tuesday afternoon, says Kroger Co. entity Topvalco Inc. plans to spend $16 million to acquire 11 Marsh stores, and Fresh Encounter entity Generative Growth II LLC plans to spend $8 million to buy 15 stores.
Click here for the full list of stores slated for purchase.
Cincinnati-based Kroger, with 2,800 locations nationwide, already has a huge presence in the Indianapolis area. In 2015, the company announced a wide-ranging plan to beef up its operations in central Indiana, including creating or remodeling dozens of stores, establishing a regional training center, and creating an estimated 3,440 jobs.
Findlay, Ohio-based Fresh Encounter Inc. operates 21 groceries under the store names Community Markets, Great Scott Community Markets, Sack ‘N Save Supermarket and Chief.
Fresh Encounter is on a growth spree of late. In February, it purchased family-run Remke Markets. Remke, based in Erlanger, Kentucky, operated 10 stores in the Cincinnati area.
Under the various banners, Fresh Encounter operates stores throughout Ohio and eastern Indiana.
Marsh accepted bids on its 44 remaining stores through an auction that convened on Monday. The company called managers of the remaining stores to its headquarters for a 12:30 p.m. meeting Tuesday, where executives informed them of the results of the auction.
Officials with Kroger and Fresh Encounter were not immediately available for comment.
The sales, which require bankruptcy court approval, must overcome…