Giant Food acquiring five Shop ‘n Save locations from SuperValu
Carlisle, Pa.-based Giant Food Stores is acquiring five Shop ‘n Save locations from SuperValu, which was recently acquired by United Natural Foods (UNFI). Upon completion of the sale, Giant plans to convert the Shop ‘n Save stores into Martin's Food Markets stores. The stores are located in Maryland, Pennsylvania, Virginia and West Virginia.
“This acquisition demonstrates our continued commitment to the long‐term growth strategy we announced earlier this year," said Nicholas Bertram, president of Giant Food Stores, which operates under Ahold Delhaize USA. "Our Martin’s associates have proudly served many of these communities for years, and we look forward to expanding the Martin’s brand along the Interstate 81 corridor and within the eastern panhandle of West Virginia."
The sale is expected to close during the first quarter of 2019.