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Crisis Averted

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Crisis%20Averted.jpgIn April, Marin-based grocery chain A.G. Ferrari Foods filed Chapter 11 bankruptcy. Then in August, Berkeley-based Andronico's did the same. Today Chron reports that Renwood Opportunities Fund, "a $50 million turnaround specialist based in Seattle," has acquired both companies. The local chains will maintain their separate identities, as Renwood works to improve operations in the hopes of a brighter future. [Chron]