Giant to Acquire West Chester Genuardi's

In a press releae,Food Stores of Carlisle, Pennsylvania has entered into an agreement with Family Markets, a subsidiary of Safeway Inc., to acquire sixteen Genuardi’s stores in Greater Philadelphia for $106 million, including the Genuardi's located at 1375 Boot Road in West Chester.

The following stores are part of the sale:

•  2395 York Road Jamison, PA
•  2890 S. Eagle Road Newtown, PA
•  168 N. Flowers Mill Road Langhorne, PA
•  4275 County Line Road Chalfont, PA
•  1375 Boot Road West Chester, PA
•  830 E. Baltimore Pike East Marlborough, PA
•  550 E. Lancaster Avenue St. Davids, PA
•  950 Baltimore Pike Springfield, PA
•  50 E. Wynnewood Road Wynnewood, PA
•  1844 Bethlehem Pike Flourtown, PA
•  737 Huntingdon Pike Huntingdon Valley, PA
•  1121 Bethlehem Pike Spring House, PA
•  310 S. Henderson Road King of Prussia, PA
•  1925 Norristown Road Maple Glen, PA
•  2350 Susquehanna Road Roslyn, PA
• 467 Sumneytown Pike North Wales, PA

“GIANT is always looking for convenient locations to better serve our customers,” said Rick Herring, president, GIANT Food Stores. “We are very excited to have the opportunity to expand our presence in greater Philadelphia and serve new customers. We look forward to providing customers with the quality, selection, and savings that they have come to expect from GIANT.”

Upon completion of the sale, GIANT plans to convert the former Genuardi’s stores into GIANT Food Stores. Employment opportunities with GIANT will be made available to Genuardi’s associates in these stores. Additional details regarding the conversions will be announced at a later date.

The sale is currently expected to close within the first half of 2012, subject to customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.