A&P just announced its plans to merge with C&S Wholesale Grocers, Inc., pending approval of the U.S. Bankruptcy Court for the Southern District of New York- a revision that is estimated to result in a run rate of 50 million dollars worth of annual savings. The merger will allow A&P to take advantage of C&S’s access to competitive rates from key manufacturers and producers in order to improve the company’s overall efficiency. A&P President and CEO Sam Martin stated: “The anticipated annual savings will significantly reduce A&P's cost structure upon emergence from Chapter 11, while ensuring consistent product availability in our stores and greater diversity of products for our customers." The bankruptcy court is expected to hear the case later this month.<hr class="legacyRuler"><hr class="invisible minimal-padding">
