EX-99.1
2
d28849_ex99-1.htm
EX-99.1
Converted by EDGARwiz
Exhibit 99.1
FOR IMMEDIATE RELEASE
November 7, 2011
Contact:
John B. Woodlief
Vice President - Finance and
Chief Financial Officer
704-372-5404
Ruddick Corporation Completes Sale
of its American & Efird Business to KPS Capital Partners, LP
CHARLOTTE, N.C.-November 7, 2011--Ruddick Corporation (NYSE: RDK) (the "Company") announced today that it has completed the previously announced sale to two newly formed affiliates of KPS Capital Partners, LP of all of the Company's ownership interest in its American & Efird business, for $180 million in cash consideration, subject to adjustments for working capital and certain liabilities, including under funded pension liability and foreign debt as previously disclosed.
Ruddick Corporation is the parent company of Harris Teeter, Inc., a leading regional supermarket chain with operations in eight states primarily in the southeastern and mid-Atlantic United States, and the District of Columbia.
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For more information on Ruddick Corporation, visit our web site at:
www.ruddickcorp.com.

EX - 99 . 1 2 d28849 _ ex99 - 1 . htm EX - 99 . 1 Converted by EDGARwiz Exhibit 99 . 1 FOR IMMEDIATE RELEASE November 7 , 2011 Contact : John B . Woodlief Vice President - Finance and Chief Financial Officer 704 - 372 - 5404 Ruddick Corporation Completes Sale of its American & Efird Business to KPS Capital Partners , LP CHARLOTTE , N . C . - November 7 , 2011 -- Ruddick Corporation ( NYSE : RDK ) ( the " Company " ) announced today that it has completed the previously announced sale to two newly formed affiliates of KPS Capital Partners , LP of all of the Company 's ownership interest in its American & Efird business , for $ 180 million in cash consideration , subject to adjustments for working capital and certain liabilities , including under funded pension liability and foreign debt as previously disclosed . Ruddick Corporation is the parent company of Harris Teeter , Inc . , a leading regional supermarket chain with operations in eight states primarily in the southeastern and mid - Atlantic United States , and the District of Columbia . # # # For more information on Ruddick Corporation , visit our web site at : www.ruddickcorp.com .
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