As part of SuperValu's acquisition of New Albertsons, including its Chicago-based Jewel-Osco stores, SuperValu divested its Chicago-area Cub Foods locations to an investment group headed by Cerberus Capital Management, to avoid market concentration issues. (The Cerberus-led group later acquired New Albertsons from SuperValu in March 2013, reuniting the two Albertsons companies under the common holding company Albertsons LLC.) Since Cerberus took control, four locations (Algonquin, Bedford Park, 87th Street in Chicago, and Naperville) closed, and Cerberus then announced that it was selling the remaining Illinois stores to other operators. The last of the Chicago-area Cub Foods stores closed on December 10, 2006. A majority of them were sold to Central Grocers Cooperative and operated as Strack & Van Til and Ultra Foods by a wholly owned unit of the cooperative, and as Garden Fresh Markets by one of its members; others were sold to Grand Mart International Foods. However, only four of the eight stores sold to Grand Mart ever opened under that company's ownership, and all were closed after less than five months of operation. Central Grocers Cooperative subsequently went bankrupt in 2017.