Weis Markets has announced plans to purchase the stores of Binghamton New York-based Giant Markets.
The retailer expects to complete the purchase in 90 days (on 21 August) and will acquire Giant Markets’ Broome County stores located in Binghamton, Vestal, Endicott, Endwell and Johnson City.
“This acquisition is an excellent strategic fit for our company,” said Weis Markets’ vice-chairman Jonathan Weis. “Giant Markets is the market leader in Broome County where they have excellent locations, modern stores and a strong market presence.
“For many years, they have been a significant part of the community and they’ve offered an excellent combination of quality, value and service. We are pleased to be working with their associates and look forward to welcoming them to our organization.”
Weis Markets is based in Sunbury, Pennsylvania, and currently operates 154 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.
In 2008, the group generated US$2.4bn in sales.
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