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Rowe’s IGA sold for $47 million

Published on December 19, 2022 at 10:46 am

A holding company based in Trinidad and Tobago says it has bought Rowe’s IGA Supermarkets, which operates seven Jacksonville stores, for $47 million.

Massy Holdings Ltd. said it completed the acquisition Dec. 12. It did not announce any plans for the independent supermarket chain.

Rob Rowe established Rowe’s IGA in 2005 by acquiring stores closed by Albertsons Cos. Inc. after that supermarket chain pulled out of the Jacksonville market.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.