| 09/12/11 - Georges Enterprises Acquires Georgia Food Distributor |
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Elmwood, LA – On September 12, 2011, John Georges, CEO of Georges Enterprises, announced the acquisition of Clifford D. Fite Company of Cedartown, GA, a 50 million dollar Georgia-based company, further growing Georges’ conglomerate of businesses. In 2008, Georges Enterprises expanded its reach into the convenience store supplier industry by acquiring Harrison Company, of Bossier City, La.; and in 2010, Georges Enterprises acquired Union Grocery of New Albany, MS. With the combined strength of Imperial, Harrison, Union Grocery, and now C.D. Fite, Georges has become a formidable distributor in the industry. Georges’ aggregate of convenience store sales exceeds $1 billion in sales and services over 4,000 retailers in a nine state region. C.D. Fite will operate as a division of Louisiana based Imperial Trading Company, one of Georges’ convenience store and food service distribution companies which ranks 8th in the nation among convenience store suppliers. Imperial plans to maintain Fite’s Cedartown distribution center with the overall objective to increase sales and expand jobs. Located in Cedartown, GA, near Atlanta, C.D. Fite Company is a 74 year old family-oriented business, established in 1937. As a full service food distributor, Fite offers a variety of food products. The company services over 1,000 convenience stores, supermarkets, and drug stores in Georgia, South Carolina, Alabama and Florida. “We are looking to make more acquisitions in the food distribution sector,” said John Georges, Chief Executive Officer of Georges Enterprises, LLC. This is the next step to increase our presence in Southeast United States. In January 2010, Georges Enterprises sold its fleet of offshore tugs under Dolphin Marine International Company to concentrate on its food distribution business. Georges Enterprises also owns full service food vending companies, and in 2009 acquired ownership in Galatoires restaurant in New Orleans and Baton Rouge. John Georges, its CEO ran for governor in Louisiana in 2007, and after deciding not to run in 2011 said he is considering to run again in 2015. -END- |