Loblaws Closes $225M Acqusition Of T&T Supermarket

VANCOUVER Loblaw Companies Limited, Canadas largest grocery store chain, has closed the $225 million acquisition of Richmond, B.C.-based T&T Supermarket Inc., Canadas largest retailer of Asian foods.

The deal was announced July 24 and is part of the Toronto companys expansion in ethnic food markets to counter the impact of the recession on its traditional business.

T&T operates 17 stores in British Columbia, Alberta and Ontario and has four distribution centres, three in Vancouver and one in Toronto.

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