BETHESDA, Md. — An investor group led by James A. Demme has acquired six stores and related operations from Balducci’s here.
Demme, who serves as a senior advisor to Angelo, Gordon & Co., the New York-based investor group, is chairman of Kings Super Markets, Parsippany, N.J., and served earlier as chairman of Penn Traffic, Bruno’s and Homeland Supermarkets and also as president of Shaw’s Supermarkets.
The deal includes Balducci’s store here and in Alexandria and McLean, Va.; Scarsdsale, N.Y.; and Westport and Greenwich, Conn., as well as Balducci’s licensing, catering and gift-basket operations.
Balducci’s previously announced that four other stores — two in Manhattan and one each in Ridgefield, Conn., and Washington, D.C., will be shuttered. None of those is part of the deal with Angelo, Gordon & Co.
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