Giant Food Stores announced that it has entered into an agreement with Supervalu, recently acquired by United Natural Foods, to acquire five corporately owned Shop ‘n Save locations.
On completion of the sale, Giant plans to convert the Shop ‘n Save stores into Martin’s Food Markets, it stated. The stores subject to conversion operate in Maryland, Pennsylvania, Virginia and West Virginia.
“This acquisition demonstrates our continued commitment to the long-term growth strategy we announced earlier this year,” said Nicholas Bertram, president, Giant Food Stores, in announcing the store acquisition. “Our Martin’s associates have proudly served many of these communities for years, and we look forward to expanding the Martin’s brand along the Interstate 81 Corridor and within the eastern panhandle of West Virginia.”