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Continued: Schafer: Nash Finch deal reflects a shrinking industry

  • Article by: LEE SCHAFER , Star Tribune
  • Last update: July 23, 2013 - 7:14 AM

Nevertheless, this is clearly a deal worth doing for Nash Finch. There may not be a better one.

“I am kind of a simple-minded guy,” Nash Finch CEO Alec Covington told investors Monday morning. “But any time that you see synergies approaching 50 percent of either company’s overall [cash profits], you don’t have to be the sharpest knife in the drawer to know that there’s a good opportunity to be had in combining the two companies.”

 

lee.schafer@startribune.com • 612-673-4302

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