Kingswood Capital Sale of Save Mart Companies to Jim Pattison Group

Dear UFCW Local 5 Members,

We want to inform you that Kingswood Capital has sold their shares of Lucky’s, Savemart, and Food Maxx to the Jim Pattison Group, owners of Save-On-Foods in Canada among other businesses.

This is strictly a stock sale and does not affect our agreements or contracts with the Employer. Please note that our contracts remain unchanged. We prefer working with grocery companies like Save-On-Foods over private equity firms like Kingswood, and we hope they are more committed to maintaining and expanding the business than Kingswood was.

If you have any questions, please reach out to your union representative.

In Solidarity,

John Frahm, President

UFCW Local 5