Stop & Shop Agrees To Acquire 25 A&P Stores In Greater New York

PURCHASE, N.Y. and QUINCY, Mass., July 20, 2015 /PRNewswire/ -- The Stop & Shop Supermarket Company LLC announced today that it has entered into an agreement with The Great Atlantic & Pacific Tea Company to acquire 25 A&P stores in Greater New York for $146 million. The agreement relates to the following stores:

The agreement is subject to further terms and conditions set forth therein and subject to court approval in A&P's bankruptcy case filed on July 19, 2015, which include the potential of a subsequent auction under which other higher bid or bids could be received and accepted by A&P for these stores.  The agreement is also conditioned on regulatory requirements, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. 

"Stop & Shop is always looking for convenient locations to better serve our customers," said Don Sussman, Stop & Shop's New York Metro Division President. "We are very happy to have the opportunity to expand our presence in greater New York and serve new customers.  We look forward to providing customers with delivering unmatched selection, quality and value that they have come to expect from Stop & Shop."

Upon completion of the transaction, Stop & Shop plans to convert these Waldbaum's, Pathmark and A&P stores into Stop & Shop stores.  Additional details regarding the conversions will be announced at a later date.  The sale is currently expected to close within the second half of 2015.

About Stop & Shop

The Stop & Shop Supermarket Company LLC employs over 59,000 associates and operates 394 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness – with emphasis on children's educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA's Smart Way program and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com or www.facebook.com/stopandshop.

Logo - http://photos.prnewswire.com/prnh/20110908/NY65221LOGO

SOURCE Stop & Shop Supermarket Company LLC