Albertsons' Acme Markets Makes Play For A&P Stores
Acme Markets, part of the Albertsons retail group, has entered into an agreement to acquire 76 A&P Stores in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania.
The stores currently trade under the A&P, Superfresh and Pathmark banners.
Following A&Ps Chapter 11 bankruptcy filing on July 19, the offer is subject to legal and court approvals.
Acme Markets was acquired by AB Acquisition LLC, the holding company of Albertsons in 2013, and should the deal go ahead, the company said that it would 'expand the Acme Markets footprint in a strategic and vibrant market and build upon A&P's rich history of delivering quality products and services in the neighborhoods they serve'.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones