Tops Receives Grant to Help Fund Expansion

WILLIAMSVILLE, N.Y. — Tops Markets will receive a $1.2 million New York state grant to assist its transition from a shared services agreement with Ahold to local accounting, purchasing and information services, the company and state officials said yesterday. Tops was sold to an affiliate of Morgan Stanley Private Equity in December and is separating its operations from those of its former owner, Ahold. Ahold had previously shifted those functions from Tops’ headquarters here to its Giant division in Carlisle, Pa. The grant from the Empire State Development Corp. will help Tops add as many as 140 local jobs and retain about 145 current employees. In conjunction with the grant, Tops said it has signed a new long-term lease at its headquarters. The company, which currently occupies 33,000 square feet, will add an additional 7,000 square feet of space.

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