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Giant Eagle Buys 2 Locations
JOHNSTOWN, Pa. — Giant Eagle said it is acquiring two stores here from the family that operates them independently under the Giant Eagle banner.
December 4, 2012
2 Min Read
JOHNSTOWN, Pa. — Giant Eagle said it is acquiring two stores here from the family that operates them independently under the Giant Eagle banner.
Terms of the acquisition, set to close on Dec. 30, were not disclosed. Current owners Basil, Edward and Carmen Trovato have decided to retire from the supermarket business, Giant Eagle said.
Pittsburgh-based Giant Eagle operates most of its stores corporately but has agreements that allow independent operators to run about 54 Giant Eagle locations.
Read more: Giant Eagle to Fight ‘Dollar’ With ‘Cents’
“I greatly enjoyed the many years I spent serving our Johnstown area customers, and thank them for their patronage,” said Basil Trovato in a statement issued by Giant Eagle. “Giant Eagle has agreed to operate the supermarkets as corporately-owned locations, and customers can expect the same high quality fresh foods, convenience-oriented service departments and excellent everyday value they have come to expect from Giant Eagle.”
The 215 employees of the two stores “will be the first to be considered for positions at the corporately-owned locations,” Giant Eagle said.
The Trovato family has owned one of the stores, on Broad Street, since 1986, and purchased the other location, at University Park Center, in 1995, according to a report in the Johnstown Tribune-Democrat.
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