RETAIL NEWS

Giant Food Stores to acquire 5 Shop ‘N Save locations

BY DSN STAFF

Giant Food Stores announced that it has entered into an agreement with Supervalu to acquire five of its Shop ‘N Save locations.

Once the transaction is complete, Giant will convert the newly acquired locations into Martin’s Food Market stores, the company said.

The locations part of the sale include:

  • 22401 Jefferson Boulevard in Smithsburg, Md.;
  • 500 North Antrim Way in Greencastle, Pa.;
  • 409 North McNeil Road in Berryville, Va.;
  • 147 Roaring Lion Drive in Hedgesville, W. Va.; and
  • 1317 Old Courthouse Square in Martinsburg, W.Va.

“This acquisition demonstrates our continued commitment to the long-term growth strategy we announced earlier this year,” Nicholas Bertram, president of Giant Food Stores, said. “Our Martin’s associates have proudly served many of these communities for years, and we look forward to expanding the Martin’s brand along the Interstate 81 Corridor and within the Eastern Panhandle of West Virginia.”

The sale is expected to close during the first quarter of 2019,and is subject to customary closing conditions. Additional details about the conversion will be announced at a later date as well, the Carlisle, Pa.-based company said.

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