Tops Buys N.Y. Independent 2012

WILLIAMSVILLE, N.Y. — Tops Friendly Markets here said Wednesday it has agreed to acquire a single independent supermarket in North Boston, N.Y., and plans to convert it to the Tops Market banner.

Terms of the acquisition, which is expected to close July 9, were not disclosed.

The store, North Boston Market Place, measures 10,000 square feet and employs about 30 people. It was founded 40 years ago by Bob Marean as a Tops-sponsored B-Kwik location. Bob Marean’s son Mike Marean has also been involved in the business for 30 years.

“North Boston Market Place has served the surrounding community for many years and we plan to continue the tradition of providing shoppers with an exceptional shopping experience,” said Frank Curci, Tops Markets president and chief executive officer. “As a neighborhood store, customers will see increased variety, a commitment to health and wellness, and exceptional value and savings in an overall enhanced store setting.”

The store is scheduled to close July 9 and reopen as a Tops Market July 10 before undergoing a major renovation “in the coming months,” Tops said. It will be Tops' 35th store in Erie County, N.Y.