Ahold Delhaize's Stop & Shop Banner to Acquire King Kullen Grocery Chain
ZAANDAM, THE NETHERLANDS - January is already kicking off 2019 with some hotter than hot retail competition. Ahold Delhaize’s Stop & Shop banner announced it has agreed to acquire New York grocery chain King Kullen in a deal that will add 32 supermarkets, five Wild by Nature stores, and a corporate office located in Bethpage, New York, to the former’s repertoire.
"King Kullen is a well-respected grocery chain in the Long Island market that has an 88-year tradition of excellent customer service," said Mark McGowan, Stop & Shop’s President. "We look forward to bringing our quality, selection, and value to more communities in Nassau and Suffolk Counties."
According to a press release, the two retailers expect the acquisition to close during the first quarter of 2019, but also noted that the deal is still subject to customary closing conditions.
"In 1930, Michael J. Cullen opened the first King Kullen and ushered in the era of the great American supermarket," said Brian Cullen, Co-President of King Kullen Grocery Co. "As a family-owned and operated business, we are very proud of our heritage and extremely grateful to all of our associates and customers for their support over the years. We are confident the Stop & Shop brand will carry on our legacy of service in the region."
In another release, Ahold Delhaize affirmed that the acquisition is part of the brand’s continued expansion on Long Island, New York. King Kullen has been a provider of Long Island-grown fresh produce for over 15 years, purchasing thousands of cases each year.
"This transaction underscores our commitment to further strengthen the positions of our great local brands in the U.S., both through organic growth and fill-in acquisitions," said Ahold Delhaize CEO Frans Muller.
AndNowUKnow will continue to keep our eyes on New York State as grocery competition there continues to rumble—so stay tuned!