Marsh Seeks OK to Sell Stores to Kroger, Fresh Encounter Cos

A Kroger subsidiary made an offer on 11 Marsh stores including this one in Indianapolis at Monday's bankruptcy auction

Fresh Encounter is an Ohio-based company that operates grocery stores under the names Community Markets, Great Scott Community Markets, Sack 'N Save Supermarket and Chief.

Marsh Supermarkets filed for chapter 11 bankruptcy May 11 after closing 19 stores and selling off their pharmacy business to CVS.

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

That's a lot quicker than what CVS had expected, however, when it paid $38 million in April to buy the pharmacy accounts and inventory of the 37 stores where Marsh operated pharmacies.

A spokesman for Indianapolis-based Marsh Supermarkets says liquidation sales will begin Thursday at 18 stores not identified as sold to two Ohio-based buyers earlier this week.

Generative Growth LLC, associated with the Findlay, Ohio, retailer Fresh Encounter, is acquiring another 15 stores.


None of the Marsh locations in Anderson were sold through the auction process as of Tuesday and the fate remains unknown. Marsh has countered that the agreement only bars Marsh from operating pharmacies at the stores, and that the language is not enforceable under the bankruptcy code.

According to documents cited in published reports, Topvalco successfully bid for Marsh stores in Bloomington (two), Brownsburg, Fishers, Greenwood, Indianapolis (two), Muncie (two) and Zionsville, Ind.

The transactions are subject to bankruptcy court approval. The sale is valued at $8 million.

A subsidiary of Kroger, Topvalco Inc.is the apparent successful bidder to purchase 11 stores at a cost of $16 million.

This story will be updated.

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