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SUPERVALU COMPLETES THE ACQUISITION OF WETTERAU

 SUPERVALU COMPLETES THE ACQUISITION OF WETTERAU
 MINNEAPOLIS, Oct. 29 /PRNewswire/ -- SUPERVALU INC. (NYSE: SVU)


announced today that it has completed the acquisition of St. Louis-based Wetterau Incorporated (NASDAQ-NMS: WETT), creating the nation's largest food distribution company.
 Wetterau shareholders approved the acquisition at a special meeting today in St. Louis. With the completion of the $1.1 billion transaction, Wetterau has become a wholly owned subsidiary of Minneapolis-based SUPERVALU. SUPERVALU purchased Wetterau for $30.25 per share in a taxable transaction to Wetterau shareholders.
 "This acquisition creates a company $16 billion-strong, increases our capability in food distribution, adds to our stable of retail formats for independent retailers and deepens our corporate retail presence," said Mike Wright, SUPERVALU chairman, CEO and president. "We couldn't have found a better partner or a better strategic fit than the fine Wetterau organization." The move, Wright said, is in keeping with the company's long-range strategy to build shareholder value by focusing on food distribution and retailing. It also follows the partial divestiture of the ShopKo discount store chain in October 1991, which was the first step in SUPERVALU's new strategic thrust.
 Larry Anderson, recently promoted SUPERVALU executive vice president and regional president, has been named vice chairman of Wetterau Incorporated, responsible for its operations. Upon completion of the transaction, Ted Wetterau, chairman and CEO of Wetterau, became vice chairman and a director of SUPERVALU.
 SUPERVALU, the nation's largest food distributor, serves more than 5,500 retail food stores, most independently owned, in 44 states. The company also operates 260 corporate retail stores principally under the Cub Foods, Shop 'n Save, Save-A-Lot, Scott's Foods, Laneco, Twin Valu and Hornbachers names.
 -0- 10/29/92
 /CONTACT: Jeff Girard, 612-828-4028, or Rita Simmer, 612-828-4429, both of SUPERVALU/
 (SVU) CO: SUPERVALU INC.; Wetterau Incorporated ST: Minnesota, Missouri IN: REA SU: TNM


AL -- MN022 -- 6809 10/29/92 17:08 EST
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Date:Oct 29, 1992
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