Tops Friendly Markets To Acquire Three Big M Supermarkets
Williamsville, NY -
By ANUK Staff
12.7.12
Tops Friendly Markets has announced that the company has entered into an agreement with the Farrugia family to acquire three Big M supermarkets. The acquisition will expand Tops' footprint further into areas of northern and central New York State and is the third acquisition deal this year. The acquisition of the three stores follows the 2010 acquisition of the Penn Traffic stores and 2012 acquisitions of 21 Grand Union stores and a store in North Boston, NY, according to a press release. The locations are at 227 East Main Street in Elbridge, NY; 3385 Main Street in Mexico, NY and 9 Mechanic Street in Jordan, NY.
"We are excited about this growth opportunity for Tops, as we bring these new stores into the Tops family," said Frank Curci, Tops Markets' President and CEO. "These stores are a natural addition to our current footprint and we look forward to meeting the needs of our new neighbors and customers, providing them with a positive shopping experience that focuses on variety, freshness, convenience and exceptional value."
There are an estimated 161 associates employed at these three locations. Tops plans to offer all associates continued employment with Tops and will operate the locations without any interruption in service upon closing.
The sale is expected to close by December 31, 2012.
Tops Friendly Markets
