by Mona Golub, Price Chopper Supermarkets
Posted: Tuesday, March 9, 2010 at 2:09PM EST
Schenectady, NY. Price Chopper Supermarkets announced today that it has entered into an agreement to
purchase six P&C stores from Tops Friendly Markets. This acquisition, which includes real estate and
equipment, would grow the American-owned, family-managed chain to 125 stores.
Five of the six stores are located in northern New York State – Canton, Gouverneur, Massena, Potsdam,
and West Carthage. The sixth store to be acquired is located in Lincoln, N.H.
“We look forward to serving the residents of the North Country of New York and in Lincoln, NH with
our signature offers,” said Price Chopper’s President/CEO and Chairman, Neil Golub. “We expect to take
possession of the facilities in early April, following the liquidation of inventory and the closing of the
stores. We have placed a special priority on preparing these stores for re-opening as soon as possible,” he
added.
According to Mona Golub, the chain’s Vice President of Public Relations and Consumer Services, “The
conversion of these stores to Price Choppers will include: thorough cleaning and refreshing of the
facilities, the replacement and addition of fixtures and production equipment, the replacement of all front
end registers and computer systems, and the replenishment of all product on the shelves and displays.”
In addition to growing by acquisition, Price Chopper continues to grow organically with new stores being
built in Warwick, NY, Middletown, CT and Shrewsbury, MA that are scheduled to open over the next 12
months. Store expansions in Barre and Essex, VT are also currently underway.
Source: Price Chopper Supermarkets
Price Chopper To Buy Six P&C Stores
