Wakefern To Acquire NYC Grocer Morton Williams
Wakefern Food Corp. is expanding its presence in New York City, as the retailer-owned co-operative has entered into an agreement to acquire Morton Williams.
As a wholly owned subsidiary of Wakefern, the 17 Morton Williams stores will have an emphasis on Wakefern’s growing private-label assortment, fresh prepared foods and produce. The acquisition was first reported by Store Brands' sister publication, Progressive Grocer.
“We are very excited to welcome Morton Williams to our Wakefern family of supermarket banners,” said Mike Stigers, president of Wakefern. “This acquisition is an incredible opportunity to continue the legacy of a storied New York City grocer while building on the business and adding even more product offerings, value and quality for shoppers. Wakefern is committed to honoring the traditions of Morton Williams by bringing high-quality fresh foods and groceries to residents of one of the greatest cities in the world.”
Founded in 1952 by brothers Joe and Irving Sloan, Morton Williams expanded its presence in New York City with growth driven by Joe Sloan’s sons, Morton and William. The business is currently led by Avi Kaner, Morton Sloan’s son-in-law; David Sloan; and Steven Sloan.
“Like Wakefern, which was founded by neighborhood grocers, we are also a family business and proud of the company we’ve built over the decades,” Kaner said. “Supermarkets are an important part of the fabric of the neighborhoods they serve. Wakefern understands that. We know our company, its team members, and loyal customers are in good hands as it moves into the future under Wakefern’s leadership.”
Kevin McDonnell, president of Wakefern’s wholly owned subsidiary PRRC Inc., will be the Wakefern executive leading Morton Williams. PRRC Inc. operates stores under the Price Rite Marketplace banner.
Morton Williams offers online shopping and operates 15 stores in Manhattan, a store in the New York City borough of the Bronx, and another in Jersey City, N.J.
