Historic Andronico’s Markets to Continue Under New Ownership
CaliBowls are Made in America
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One of the Bay Area’s best known family-owned specialty supermarkets announced last month the end of
its bankruptcy proceeding with the sale of its assets to
an affiliate of Renovo Capital for $16 million. The sale
allows the remaining Andronico’s Community Markets
to continue to serve its strong and loyal customer
base while preserving the jobs of more than 330
employees dedicated to ensuring its historic markets
continue to serve future generations of shoppers.
Andronico’s, founded in 1929 on Berkeley’s Solano
Avenue, filed for Chapter 11 bankruptcy to affect a
sale of the company’s assets to Renovo Capital. The
Oakland division of the United States Bankruptcy
Court for the Northern District of California approved
the sale and the closing of the transaction occurred
Thursday, Oct. 27.
Beginning Friday, Oct. 28, Andronico’s stores were to
open under new ownership and as a new company
committed to continuing its strong customer service
and exemplary specialty products throughout the
company’s six remaining stores.
“I want to thank our loyal customers, our committed
employees and our faithful vendors who have worked
with us through this difficult chapter in the company’s
history,” said Bill Andronico, a third-generation mem-
ber of the family which founded the markets. “I am
pleased that Renovo Capital’s purchase will allow
us to improve our standing in the market and build
on the strong brand my family has built over three
generations.”
Andronico’s will continue to operate six locations:
three stores in Berkeley and markets in San Francisco,
San Anselmo and Los Altos. Renovo is committed to
investing into the store’s physical infrastructure to up-
date the facilities and ensure that the stores continue
to improve the quality of service for which they have
historically been known. As part of this
effort, key members of Andronico’s
executive management team will be
retained to manage the company and
its operations.
CaliBowl/Simple Wave LLC proudly announce
that as of Nov. 1, 2011, all company products
are being manufactured in the United States.
“Moving our production to the USA is something we have wanted to do for a long time,
and now the opportunity is there,” said Jeff
Bollengier, Simple Wave LLC president and
co-founder. “I personally believe this is the
right thing to do! We need to continue to
innovate and be the pioneers in what we do
as well as maintain manufacturing here in
the USA.”
Simple Wave LLC’s co-founder, Rich Stump,
added, “We are very excited to be moving
all of our manufacturing to the U.S. Our business is growing very quickly and having the
ability to react quickly and provide just-in-time manufacturing will provide the fuel to
our growth. Knowing that we are contributing
to the U.S. economy reshoring effort is a
great feeling, and we
are confident
that this will
in turn provide
a better-quality
product to our
customers.”
