Tops Friendly Markets is buying five supermarkets from Stop & Shop and Hannaford, one of them in Wappingers Falls, the grocery chain announced this week.
Tops already has 165 corporate stores and five supermarkets operated by franchisees in upstate New York, northwestern Pennsylvania and western Vermont.
The five stores it has agreed to buy in Dutchess and Ulster counties are:
- Hannaford, 16 Jon J. Wagner Way, LaGrangeville .
- Hannaford, 1936 Route 6, Carmel .
- Stop & Shop, 6726 Route 9, Rhinebeck .
- Stop & Shop 271 Main St., New Paltz .
- Stop & Shop, 1357 Route 9, Wappingers Fal ls.
It is also in the process of acquiring a Stop & Shop in Gardner, Mass.
The six stores have about 750 employees all told, Tops said.
It plans to offer all workers “continued employment” and to continue service without interruption.
Tops said the deals are contingent on approval from the U.S. Federal Trade Commission and clearance of the merger between Ahold and Delhaize Group.
Tops CEO Frank Curci called the stores “a natural extension of our current footprint.”
“We are looking forward to having these stores, the associates and the surrounding communities become part of the Tops family, and for both our customers and us, it will be business as usual,” he said.
Tops plans to invest in the stores and their communities, according to its president, John Persons.
Persons promised customers a “positive shopping experience that focuses on variety, freshness, convenience and exceptional value.”
Tops said it expects to close the deals within the next few months.
It did not disclose specific terms of the agreements.
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