Giant buying 16 Genuardi’s; others to be sold or closed

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

Closing

260 Eagleview Blvd., Exton

70 Buckwalter Rd., Royersford

1930 W. Main St., Norristown

For Sale

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

Contact staff writer Maria Panaritis at 215-854-2431 or mpanaritis@phillynews.com or @panaritism on Twitter.