Jasper Cash Saver to close with Buehler Inc. bankruptcyOctober 18, 2018
By OLIVIA INGLE
JASPER — Buehler Inc. and Buehler LLC, Jasper-based companies with 15 grocery stores across Indiana, Illinois and Kentucky, have filed for Chapter 11 bankruptcy protection.
The companies, which own Save-A-Lot and Cash Saver stores, plan to close three stores sometime in early November — the Cash Saver Market in Jasper, and Save-A-Lots in Seymour and Louisville, Kentucky.
“In the extremely competitive marketplace and with underperforming stores, to survive, we have to do this,” said Dave Buehler, owner and president of Buehler Inc.
According to a statement from the company, the company’s restructuring through bankruptcy “provides the most effective and efficient means to ensure the best recovery.”
“The company is confident that restructuring, trimming expenses, and consolidating operations will lead to a more efficiently run and stronger company,” the statement reads.
Buehler said the company’s daily operations will continue without interruption.
Gabe and Marge Buehler first opened the grocery store that started the Buehler business in 1940.
The business eventually became Buehler Foods Inc., which filed for bankruptcy protection in May 2005 and proceeded to reorganize. The company emerged from bankruptcy as two corporations. Buehler Inc., owned by Buehler, operated Save-A-Lot stores and Buehler Foods Inc., owned by family members of Buehler, operated Buy-Low stores.
Buehler Foods Inc., the corporation not owned by Buehler, was sold in 2008 to Kentucky-based Houchens Industries, which now operates the stores under the IGA name.
Buehler continued operating his Save-A-Lot stores and opened his first Cash Saver store in New Albany in 2013.
The Cash Saver Market at 3605 N. Newton St. in Jasper opened late last year after Buehler Inc. converted it from a Save-A-Lot.
With the bankruptcy and closure of three stores, Buehler hopes his company can move forward.
“Our plan is [that] the 12 remaining stores will continue on and have a future and that we are a profitable company,” he said.
Buehler Inc. will continue to operate eight Save-A-Lot and four Cash Saver stores across Indiana, Illinois and Kentucky.
This is not the only store-closure announcement to come this week in Jasper. Monday, Sears Holdings announced that it has filed for Chapter 11 bankruptcy protection and will close 142 unprofitable Sears and Kmart stores across the country, including the Jasper Kmart.
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