Giant Food Stores announced Thursday it will acquire 16 Genuardi's Family Markets across the Philadelphia area in a $106 million deal that will significantly alter the supermarket landscape in the region by giving surging Giant an even greater profile in the highly competitive suburbs.
The transaction, expected to close over the next six months, would transfer ownership of the stores from Safeway Inc., and convert them all to Giant, whose operations are headquartered in Carlisle, Pa.
The stores affected are on York Road in Jamison, Eagle Road in Newtown, Flowers Mill Road in Langhorne, County Line Road in Chalfont, Boot Road in West Chester, East Baltimore Pike in East Marlborough, East Lancaster Avenue in St. Davids, Baltimore Pike in Springfield, Wynnewood Road in Wynnewood, Bethlehem Pike in Flourtown, Huntingdon Pike in Huntingdon Valley, Bethlehem Pike in Spring House, South Henderson Road in King of Prussia, Norristown Road in Maple Glen, Susquehanna Road in Roslyn, and Sumneytown Pike in North Wales.
In addition, Safeway, which bought the locally owned chain in 2001, said it would close three Genuardi's stores - in Exton, Norristown (1930 W. Main St.) and Royersford - and sell the remaining eight Genuardi's stores.
"Giant is always looking for convenient locations to better serve our customers," said Rick Herring, president, Giant Food Stores, in a statement. "We are very excited to have the opportunity to expand our presence in Greater Philadelphia and serve new customers.
"We look forward to providing customers with the quality, selection, and savings that they have come to expect from Giant."
Sold to Giant
2395 York Rd., Jamison
2890 S. Eagle Rd., Newtown
168 N. Flowers Mill Rd., Langhorne
4275 County Line Road, Chalfont
1375 Boot Rd., West Chester
830 E. Baltimore Pk., East Marlborough
550 E. Lancaster Ave., St. Davids
950 Baltimore Pike, Springfield
50 E. Wynnewood Rd., Wynnewood
1844 Bethlehem Pike, Flourtown
737 Huntingdon Pike, Huntingdon Valley
1121 Bethlehem Pike, Spring House
310 S. Henderson Rd., King of Prussia
1925 Norristown Rd., Maple Glen
2350 Susquehanna Rd., Roslyn
467 Suymneytown Pike, North Wales
260 Eagleview Blvd., Exton
70 Buckwalter Rd., Royersford
1930 W. Main St., Norristown
3121 Fire Rd., Egg Harbor Township, N.J.
710 Route 73, South Marlton, N.J.
1632 N. Kings Highway, Cherry Hill, N.J.
912 W. Bay Ave., Barnegat, N.J.
73 Old Dublin Pike, Doylestown
25 W. Germantown Pike, Norristown
2850 Audubon Village Dr., Audubon (Pa.)
200 Ridge Pike, Conshohocken