KEASBEY, NJ - Another key grocery acquisition is taking place as Saker ShopRites, which is owned and operated by the Saker family, has announced the acquisition of the assets of Perlmart, owned and operated by Michael Perlmutter.

“Perlmart has been dedicated to customer and community service since they first opened their doors, and we are proud to continue those traditions as we welcome their stores and associates into our family of supermarkets,” Richard Saker, President and Chief Executive Officer of Saker ShopRites, said. “Both the Saker and Perlmutter families share a love of the supermarket business, and we think this is a great way to pass the baton from one local, family-owned business to another.”

Both the Saker and Perlmutter families have been committed to providing fresh, affordable foods in their stores and giving back to the communities where their stores operate, as noted in a press release, and both were early members of the retailer-owned cooperative, Wakefern Food Corp., which celebrates its 75^th anniversary this year.

The Sakers have been in the grocery industry for over 100 years and currently operate 32 ShopRite stores in Ocean County, New Jersey, and employ more than 8,000 associates. Perlmart has grown to a chain of seven ShopRite stores in New Jersey, including pharmacies in Manahawkin, Lacey, Fischer Bay (Toms River), Manchester, Jackson, Bayville, and Waretown.

“We are proud to have been part of the Ocean County community for more than seven decades, and we are so grateful for the loyalty we’ve experienced from our customers and the dedication and friendship from our associates through the years,” said Michael Perlmutter. “As a family-operated business, we have viewed our associates as extended family members, and our relationship with some go back 35, 40, and more years."

To read more about the legacy of each of these companies, as well as the recent acquisition, click here.

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Saker ShopRites