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Save A Lot Teams With DoorDash for Deliveries

Save A Lot, one of the largest discount grocery store chains in the United States with over 750 stores, has formed a partnership with DoorDash, the local commerce platform. With over 400 stores live on the DoorDash Marketplace, consumers can access high-quality fresh products at everyday low prices and enjoy same-day delivery in under an hour, on average.  In addition, participating Save A Lot stores will support SNAP/EBT payment capabilities on DoorDash later this year for on-demand delivery of SNAP-eligible groceries.

For nearly 50 years, Save A Lot has remained true to its mission of being a hometown grocer, offering quality and value to local communities seeking significant savings on their grocery spend. This partnership brings fresh produce, quality products, and fresh-cut meat to more shoppers and provides an affordable and convenient solution for customers with a range of circumstances, such as those with limited transportation options or individuals looking to save a trip to the store during a busy day.

As prices continue to rise on groceries and household essentials, eligible consumers will have more choices to leverage their SNAP/EBT benefits when ordering online groceries from participating Save A Lot stores later this year. Since launching support for SNAP/EBT payments in 2023, over 1.1 million consumers have added their SNAP/EBT cards to DoorDash.

As consumers’ favorite local commerce platform, DoorDash provides access to everything in their neighborhoods, including groceries, retail, flowers, food, and more, with over 500,000 local merchants on the DoorDash Marketplace. The addition of Save A Lot reinforces DoorDash’s commitment to providing affordable selections for consumers and empowering grocers with technology to reach both new and loyal customers.

To celebrate the new partnership, starting July 26 through September 30, new consumers to Save A Lot can enjoy 30% off all eligible orders of $50 or more (up to $20), at all participating Save A Lot locations using promo code SAL30. To offer even more savings to consumers, participating Save A Lot stores are also available on DashPass, DoorDash’s membership program that offers $0 delivery fees and reduced service fees from thousands of restaurants, grocery, and convenience stores nationwide.

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Casey’s to Acquire Fikes Wholesale, Owner of CEFCO C-Stores

Casey’s General Stores, Inc., a leading convenience store chains in the United States, has reached an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million.

Fikes Wholesale, Inc. and CEFCO Convenience Stores began as a single “filling station” in Cameron, Texas, in 1952 and has grown to be a respected operator with stores in multiple states. Casey’s acquisition of Fikes will include 198 retail stores and a dealer network. The proposed transaction will increase Casey’s footprint to nearly 2,900 stores. The acquisition will bring 148 additional stores to Texas, which is a highly strategic market for Casey’s, as well as 50 stores in the southern states of Alabama, Florida, and Mississippi. In addition to the retail stores and dealer locations, the transaction includes a fuel terminal and a commissary to support the Texas stores.

“During our Investor Day presentation in June of 2023, we outlined our business strategy to achieve top-quintile EBITDA growth. One of the core pillars of the plan is to grow the number of units,” said Darren Rebelez, board chair, president and CEO of Casey’s. “This acquisition will allow Casey’s to accelerate our unit growth plan with high-quality assets that, along with our recent 22 store acquisition in northern Texas, will provide an expanded presence in Texas and allow us to continue to expand in the state and region.”

Raymond Smith, president of Fikes and CEFCO, highlighted the strategic alignment between the two convenience organizations. “The acquisition by Casey’s, especially given its reputation and shared values, is an exciting development for Fikes and our employees. I am happy that the CEFCO stores will join a top convenience retailer that will reinvest in the stores and eventually bring Casey’s pizza to many of our customers as well as provide professional opportunities for our employees. We believe Casey’s will be an excellent steward of the CEFCO experience that our loyal customers have come to expect.”

Rebelez added, “We expect the acquisition will create value for Casey’s shareholders in the near- and long-term and will be accretive to Casey’s EBITDA in the current fiscal year. Fikes is a well-run and well-respected company in our industry, and we look forward to welcoming the Fikes team to the Casey’s family. We could not be more excited about the future of our two organizations.”

The company plans to finance the transaction through balance sheet cash and bank financing. The net investment of $980 million represents an approximate multiple of 11 times CEFCO’s pro forma adjusted 2023 EBITDA. The company expects to achieve approximately $45 million in annual run-rate synergies upon the completion of kitchen installations in the acquired stores.

The transaction is anticipated to close during the fourth quarter of calendar year 2024, subject to customary closing conditions and regulatory approval. Casey’s was advised by BMO Capital Markets Corp. as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel, and Cleary Gottlieb Steen & Hamilton as antitrust legal counsel. Fikes was advised by BofA Securities as financial advisor and Bourland, Wall & Wenzel, P.C. as legal counsel.

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‘Take Care, Now’ Campaign Features Luke Bryan, Benefits Feeding America

Bayer and Kroger joined forces with country music star Luke Bryan and Feeding America to bring healthy food to more families who need it. According to Feeding America’s latest data, more than 44 million people in the United States are food insecure, including a nearly 30 percent increase – more than 10 million – compared to the previous year.

Building on the successful launch of the “Take Care, Now” campaign in 2023, the collaborators are announcing their efforts to again raise awareness, educate communities, and facilitate access to nutritious food and vitamins and minerals. Their initiatives will particularly be focused in underserved rural areas where “hidden hunger” is more prevalent.

Hidden hunger is a form of undernutrition where individuals may consume enough calories, but lack sufficient vitamins and minerals. Vitamin and mineral inadequacies such as magnesium, calcium, iron or vitamins A, D, and C, are common in the United States. As nutrition and health are interconnected, this hidden hunger may result in an increased risk of significant health consequences which has been acknowledged by the CDC.

“As a leader in both agriculture and self-care including nutritional supplements, Bayer is uniquely positioned to positively improve access to essential nutrients holistically. We’re committed to bringing nutritious food, multivitamins, and supplements within physical and financial reach of those who need it most,” said Dave Tomasi, president, Bayer Consumer Health, North America.

With support of Feeding America, Bayer and Kroger will distribute educational materials through affiliated food banks nationwide to enhance nutrition literacy. These toolkits will include valuable resources on vitamin and mineral education. They will also include recipes for simple, nutritious comfort foods prepared with readily available ingredients.

“At Kroger, we are committed to increasing access to fresh, affordable food for more people across the U.S.,” said Jim Kirby, chief commercial officer Kroger Health. “We know when families have more access to fresh foods, they have better long-term health outcomes. We appreciate everything Bayer and Luke Bryan are doing to raise awareness of this important issue.”

The initiative is also supported by Ohio Governor Mike DeWine, who is focused on helping eliminate hunger in his home state of Ohio.

“Ohio is the heart of it all, and that means that our state is also the heart of compassion. It is vitally important that we join together to do everything we can to end hunger in Ohio. Teaming up with Luke Bryan, Bayer, Kroger, and Feeding America will go a long way toward making more healthy, nutritious food available to Ohioans in need,” said DeWine.

For its part, Bayer has worked to support generations of American farmers to put healthy, nutritious food at the table and is working on fruit and vegetable varieties that provide better taste, stay fresh longer, are more water-efficient and grow better in a changing climate.

To address a widespread nutrition problem, Bayer is partnering to develop tomato varieties that are nutritionally enhanced with vitamin D3. In support of “Take Care, Now,” Bayer will also donate up to 1 million meals – adding to the more than 9 million meals that have been donated as part of #herestothefarmer campaign that Luke Bryan is also part of. Building on a long history of donating vitamins and other nutritional supplements to the Feeding America network of Food Bank partners, this year, Bayer will also donate over 100,000 bottles of One A Day and Flintstones Multivitamins as well as other nutritional supplements to food banks in the U.S.

Meanwhile, Kroger plays a pivotal role in providing fresh, affordable food to millions of customers daily across 35 states in its stores. The retailer also offers telenutrition services, allowing customers to connect with a nutrition expert over video chat, offering convenient personalized nutrition coaching and education. More recently, Kroger collaborated with the U.S. Department of Agriculture Food and Nutrition Service (USDA) to enable Electronic Benefit Transfer digital acceptance, allowing customers to use EBT payments for purchases through the Kroger app or at Kroger.com for both grocery pickup and delivery, putting healthy food within reach for more people.

“The fact is, in addition to millions of Americans not knowing where their next meal will come from, many also experience ‘Hidden Hunger’ and are deficient in key nutrients,” said Charles Blazevich, senior manager, corporate partnerships for Feeding America. “We’re excited to again be working alongside Bayer, Kroger and Luke Bryan to create awareness and make an impact in this area.”

Through the joint efforts, the “Take Care, Now” campaign has the potential to reach 200 food banks and over 60,000 partner agencies, food pantries and meal programs which positively impacts thousands of people across rural America every day. To raise awareness of “hidden hunger” and promote solutions, the campaign will stop at various events throughout the fall, including the Farm Progress Show in Boone, Iowa, and all six Luke Bryan Farm Tour concerts.

“As someone who grew up in a rural community, I know firsthand the importance of having access to healthy, nutritious food,” said five-time entertainer of the year, Luke Bryan. “I couldn’t be more proud to be involved in this initiative with organizations like Bayer, Kroger and Feeding America.”

For more information on the campaign and ways to get involved, visit www.bayer.us.

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