Giant Food Stores To Acquire 16 Genuardi’s Family Markets In Philadelphia Area

English: Logo of Giant Food Stores LLC. also k...

Image via Wikipedia

Giant Food Stores, LLC, is making a competitive push into the suburban Philadelphia market.

The Carlisle-based chain announced Thursday it has entered into an agreement to acquire 16 Genuardi’s Family Markets in the Philadelphia area for $106 million.

The transaction is expected to close over the next six months at which point the ownership will be transferred from Safeway Inc. and the stores converted into Giant Food Stores.

Read more: http://www.pennlive.com/midstate/index.ssf/2012/01/giant_food_stores_to_acquire_1.html

RELATED STORY

Royersford, Norristown and Exton Genuardi’s closing!

http://www.timesherald.com/article/20120105/NEWS01/120109752