Tops Friendly Markets Completes Acquisition Of 4 Big M Stores
WILLIAMSVILLE, N.Y., May 23, 2013 /PRNewswire/ -- Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, today announced that the company has completed the acquisition of four Big M supermarkets.
In March, Tops entered into an agreement with the Bonisteel family to acquire four Big Supermarkets located in Boonville, Watertown, Sandy Creek and Adams, NY. This acquisition expands Tops' footprint further into areas of northern and central New York State and follows Tops' previous acquisition of three Big M supermarkets located in Elbridge, Mexico, and Jordan, NY earlier this year.
"We are excited about this growth opportunity for Tops, as we bring these new stores into the Tops family," said Frank Curci, Tops Markets' president and CEO. "These stores are a natural addition to our current footprint and we look forward to meeting the needs of our new neighbors and customers, providing them with a positive shopping experience that focuses on variety, freshness, convenience and exceptional value."
Curci added that Tops will pursue a capital improvement program and each of the four stores will be remodeled and will transition to the Tops banner by late June. There are 280 associates employed at these locations, and Tops has offered all associates at each of the four locations continued employment with Tops, and will continue to operate all stores without any interruption in service.
Tops Markets, LLC, is headquartered in Williamsville, NY and operates 159 full-service supermarkets – 154 company-owned and five franchise locations under the Tops, Grand Union and Bryant's banners. With more than 15,000 associates, Tops is a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont. For more information about Tops Markets, visit the company's website at www.topsmarkets.com.
SOURCE Tops Friendly Markets
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