Last updated on November 8th, 2018
Giant Food Stores has entered into an agreement with Supervalu Inc., a newly acquired subsidiary of United Natural Foods (UNFI), to acquire five corporate-owned Shop ‘n Save locations.
Upon completion of the sale, Giant plans to convert the Shop ‘n Save stores into Martin’s Food Markets. The following stores are part of the sale:
- 22401 Jefferson Boulevard, Smithsburg, Maryland
- 500 North Antrim Way, Greencastle, Pennsylvania
- 409 North McNeil Road, Berryville, Virginia
- 147 Roaring Lion Drive, Hedgesville, West Virginia
- 1317 Old Courthouse Square, Martinsburg, West Virginia
“This acquisition demonstrates our continued commitment to the long-term growth strategy we announced earlier this year,” said Nicholas Bertram, Giant president. “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.”
Giant plans to announce additional details regarding the conversions at a later date. Current Shop ‘n Save employees at these stores will have the opportunity to interview with Martin’s.
This agreement comes on the heels of a series of strategic investments that Giant recently has made in its store fleet and family of brands within Pennsylvania, including the introduction of the new Giant Heirloom Market in Philadelphia; the acquisition of Darrenkamp’s Willow Valley Square location and a new e-commerce hub, both in Lancaster; plus new stores planned for the East Stroudsburg and Walnutport communities.
The sale is expected to close during the first quarter of 2019, subject to customary closing conditions and FTC approval.
Serving millions of customers each week at 171 locations in four states under the Giant Food Stores and Martin’s Food Markets banners, the Carlisle, Pennsylvania-based company is celebrating its 95th anniversary this year.
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