United Natural Foods, Inc. UNFI today announced it has signed an asset purchase agreement with L&R Distributors, Inc. to divest the Company's non-foods and general merchandise lines of business. This strategic transaction will allow UNFI to concentrate on its core business of the distribution of natural, organic, and specialty foods and products.
UNFI entered the non-foods and general merchandise businesses, which includes cosmetics, seasonal products, conventional health & beauty products and hard goods, as part of its acquisition of Millbrook Distribution Services, Inc. in November 2007.
Terms of the transaction were not disclosed.
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