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C&S Wholesale Grocers announced yesterday that it has signed an agreement to acquire Olean Wholesale Grocery Cooperative, based in Olean, NY.

Terms of the deal were not disclosed. The sale is expected to close in early 2019.

Olean was founded in 1922, and services more than 270 independent food retail and convenience stores throughout New York, Pennsylvania, and Northeast Ohio.
KC's View:
Another example, I think, of how the big are going to have to get bigger, and the small are going to have to find ports of harbor in which they can be protected from the competitive storms. This is all about survival.