company, which Shopko later purchased in 1997. SuperValu founded the clothing store County Seat in 1973 and sold it to Carson Pirie Scott in 1983. In 1975, SuperValu acquired Hornbacher's. In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area. As of 2011, Cub is operating more than 73 stores in Minnesota and Illinois. In the early 1990s, SuperValu started acquiring several chains such as Scott's Food & Pharmacy in 1991, Wetterau, Inc. and its holdings Shop 'n Save and Save-A-Lot in 1992, and bigg's in 1994. Scotts & Biggs have been divested. Biggs was sold to Remke Markets and Kroger bought Scotts. SuperValu acquired Richfood Holdings for $1.5 billion, adding a Mid-Atlantic distribution presence and stores including Farm Fresh Food & Pharmacy, Shoppers Food & Pharmacy, and Metro. In 2003, SuperValu acquired the former Midwest operations of Fleming Companies from C&S Wholesale Grocers, including the Sentry Foods and Festival Foods brands. On January 23, 2006, SuperValu announced that it, along with CVS Corporation and a collection of investors led by Cerberus Group, agreed to acquire Albertsons, Inc. for $9.7 billion. The acquisition was completed on June 2, 2006. SuperValu acquired over 2150 stores in the deal including: Acme (134 locations) (sold to Cerberus) Acme Express, Jewel Express, and Albertsons Express (107 fuel centers) (units were divested to various operators) Albertsons (564 locations) (sold to Cerberus) Bristol Farms (15 locations) (later sold off) Jewel and Jewel-Osco (198 locations sold to Cerberus) Lazy Acres Market (1 location) (later sold off) Max Foods (3 locations) (later rebranded Lucky) Osco Pharmacy and Sav-on Pharmacy (906 pharmacies) (Stand-alones sold to CVS) Save-A-Lot (2 locations franchised by Shaw's) Shaw's (188 locations) (sold to Cerberus) Star Market (20 locations) (7 re-branded Shaw's) (sold to Cerberus) In 2009, former Walmart executive Craig Herkert took over for Jeff Noddle as CEO of SuperValu. On January 6, 2011, SuperValu announced it would close 20 underperforming stores. On January 11, 2011, SuperValu reported a loss of $202 million for the quarter; revenue also fell 6% to $8.67 billion. Stock prices fell 12 percent to $7.52 per share. In September 2011, SuperValu announced the sale of all but 27 of its fuel centers to several convenience store chains, including Tesoro, Holiday Stationstores, Couche-Tard (which operates Circle K Stores), and Stinker Stores. The company announced that it was seeking buyers for the remaining fuel centers