Local Marsh included in deal

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PENDLETON — The Pendleton Marsh soon will be under new ownership.

Two Ohio-based chains have agreed to buy 26 of Marsh Supermarkets’ 44 remaining stores for a total of $24 million, according to court documents posted Tuesday.

Fresh Encounter entity Generative Growth II LLC plans to spend $8 million to buy 15 Marsh locations — including the one in Pendleton,

Findlay, Ohio-based Fresh Encounter Inc. operates 21 groceries under the store names, Community Markets, Great Scott Community Markets, Sack ‘N Save Supermarket and Chief.

Cincinnati-based grocer Kroger Co., through its entity Topvalco Inc., plans to spend $16 million to acquire 11 Marsh stores, including two locations in Muncie and one in Fishers.

Fishers-based Marsh is selling off the stores after closing 19 locations in May and filing to reorganize under the protection of bankruptcy.

Marsh accepted bids on its 44 remaining stores through an auction that convened Monday. The company called managers of the remaining stores to its headquarters for a 12:30 p.m. meeting Tuesday, where executives informed them of the results of the auction.

The Indianapolis Business Journal contributed to this report.

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