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New Paltz Stop & Shop is one of six supermarkets to be acquired by Tops Friendly Markets

by HV1 Staff
July 14, 2016
in Business
5

tops-HZTTops Friendly Markets, a full-service grocery retailer based in the Buffalo area, announced late Wednesday, July 13 that the company has entered into agreements to acquire the Stop & Shop supermarkets in New Paltz, Rhinebeck, Wappingers Falls and Gardner, Massachusetts and the Hannaford supermarkets in LaGrangeville and Carmel. Upon completion of these purchases, the stores will be rebannered and operated under the Tops Markets name.

The transactions are contingent on the U.S. Federal Trade Commission’s approval and clearance of the merger between the Ahold and Delhaize Group. The process could take several months, Tops said.

“We are very excited about this growth opportunity for Tops, especially since these stores are a natural extension of our current footprint,” said Frank Curci, Tops Markets’ chairman and CEO.  “We are looking forward to having these stores, the associates and the surrounding communities become part of the Tops family, and for both our customers and us, it will be business as usual.”

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