Supervalu has entered into a definitive agreement to acquire 22 Food Lion grocery stores that are being sold in connection with the merger of Ahold and Delhaize, Food Lion’s parent company.
The Food Lion stores involved operate in northern West Virginia, western Maryland, south central Pennsylvania and northwestern Virginia. The acquired stores will adopt Supervalu’s Shop ‘N Save format. Supervalu will operate the stores itself at least initially. However, the company is in discussions with certain wholesale customers and the United States Federal Trade Commission about divestment. The company said it is considering selling an interest in the acquired stores to its wholesale customers.
Supervalu noted that it supplies and supports almost 100 independently operated Shop ‘N Save stores located primarily in western Pennsylvania and West Virginia through its wholesale business. The company also operates 44 corporately owned Shop ‘N Save stores in the St. Louis area.
“I’m pleased that Supervalu will acquire these stores, which should provide excellent opportunities for our wholesale customers,” said Mark Gross, Supervalu president and CEO. “This acquisition is another example of the work we’re doing to grow our business and to deliver creative solutions for our wholesale customers.”