Europe-based grocery giant Ahold Delhaize has announced today that Stop & Shop, its largest brand in the US, has agreed to acquire King Kullen Grocery as part of the brand’s continued expansion on Long Island, New York.
According to the retailer, the agreement includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, New York.
“This transaction underscores our commitment to further strengthen the positions of our great local brands in the US, both through organic growth and fill-in acquisitions,” said Ahold Delhaize CEO Frans Muller.
The acquisition is currently expected to close during the first quarter of 2019, subject to customary closing conditions, while financial terms of the deal were not disclosed.
