September 24, 2018 / 10:53 AM / in a month

Canada's Empire Co to acquire Farm Boy in C$800 mln deal

Sept 24 (Reuters) - Canadian food retailer Empire Co Ltd said on Monday it would acquire privately held grocer Farm Boy Inc for a total enterprise value of C$800 million ($618 million) to increase its presence in Ontario.

Empire will acquire Farm Boy from Berkshire Partners, following which it will be set up as a separate company within Empire’s structure. ($1 = 1.2945 Canadian dollars) (Reporting by Karan Nagarkatti in Bengaluru)

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