SUNBURY, Pa. -- Weis Markets here signed a letter of intent last week to purchase King's Supermarkets, a six-unit operator based in Hamburg, Pa. The companies didn't disclose terms. King's has plans to build additional units in Pennsylvania's Lehigh Valley area. Weis operates about 142 stores with annual sales of $1.3 billion. King's annual volume is about $50 million.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.