QUINCY, Mass. -- Stop & Shop Cos. here last week entered into a definitive agreement to purchase Melmarkets/Foodtown, Garden City, N.Y., for $87 million. Stop & Shop has also agreed to assume an unspecified amount of Melmarkets' long-term debt. The deal is expected to close later this year. Melmarkets, which operates 17 stores in Nassau and Suffolk counties, recorded sales of $386 million last year. The chain is a member of the Edison, N.J.-based Twin County Grocers wholesale ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.