SUNBURY, Pa. -- Weis Markets here said last week it plans to invest $120 million in new stores and remodelings over the next 18 months and to seek additional acquisitions. Speaking at last week's annual meeting here, Robert F. Weis, chairman of the 153-store chain, said the $120 million will be spent to build 11 stores and to remodel 20 others.
mpany will also look for acquisitions "that are contiguous to our markets -- if they make sense for our company."
Weis has acquired 24 stores in the last few years -- 19 Mr. Z's in northeastern Pennsylvania in 1993 and five Kings in the Lehigh Valley at the end of 1994.
Besides new and remodeled stores, Weis made "a significant investment" in its infrastructure last year, Rich said, with a 75,800-square-foot addition to its distribution center in Milton, Pa., and a $2.9-million upgrade of its ice-cream plant here.
Weis operates 153 stores in Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia; it also owns SuperPetz, Dayton, Ohio, a pet supply superstore with 43 locations in 11 states and Weis Food Service, an institutional supplier based in Northumberland, Pa.