![]() ![]() The 12 Tops stores to be divested and purchased by C&S Wholesale Grocers are: Cooperstown C&S will continue to recognize the union workforce at these locations. GU Markets LLC, an affiliate of C&S Wholesale Grocers, will operate these stores. ![]() C&S Wholesale Grocers BB #:137315 has been approved to purchase all 12 stores. The regulatory review process by the FTC mandates the divestiture of 12 of the combined companies’ stores. Now, we can dedicate ourselves to bringing these two storied grocery chains together, leveraging best practices, developing new opportunities, and finding efficiencies that will help us continue to deliver distinctive shopping experiences,” said Grimmett. “We’re appreciative of the FTC’s diligence in reviewing this merger and grateful to have received all of the necessary approvals. With increased scale across their now-combined footprint of nearly 300 stores, the merged companies are better positioned to leverage increased value for customers advance shared opportunities for innovation and fortify the depth of their expanded workforce, community, and trade partnerships, thereby becoming stronger and more competitive. The agreement cements a powerful alliance between the two storied independent grocery chains, as it virtually doubles their collective footprint in the Northeast. He will also serve on its board of directors as will Frank Curci, former Tops Markets Chairman and CEO. As previously announced, Scott Grimmett, the current president and CEO of Price Chopper/Market 32, will lead the new parent company. Under the terms of the agreement, the two companies will be managed locally by their respective leaders and continue to be referred to by their established brand identities, but will be owned and overseen by a new parent company, Northeast Grocery, Inc. With the regulatory review process complete and approval from the Federal Trade Commission (FTC) received, Price Chopper/Market 32 BB #:104206 and Tops Markets BB #:103173 today announced the closure of their merger, as proposed earlier this year.
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