Business & Tech
ACME Supermarkets to be Sold
The sale includes the Acme in Newtown Township, as well as 107 other Acme stores.
Acme grocery stores will be sold, parent company Supervalu announced Thursday. The sale includes the Acme in Newtown Township, as well as 107 other Acme stores, NBC10 reported.
According to a press release, Supervalu has reached an agreement to sell Acme, along with four other supermarket chains it owns, to AB Acquisition. The total sale is for 877 stores.
The $3.3 billion transaction also includes the following supermarket chains: Albertsons, Jewel-Osco, Shaw’s and Star Market.
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A report posted on Phillyburbs.com stated the transaction does not presently involve the closing of Acme stores.
In September, Acme announced it was closing about 60 stores, including the Acme on West Trenton Road in Falls Township.
Find out what's happening in Newtownfor free with the latest updates from Patch.
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