Ahold, Delhaize Divest 86 U.S. Stores To Advance MergerFriday July 15th, 2016 - 7:10AM | | | | | | | | | |
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Netherlands-based Ahold and Belgium-based Delhaize Group will divest 86 stores in the United States as they pursue a merger. The divestments come in connection with the U.S. Federal Trade Commission’s pending review of the proposed merger between the two supermarket companies. Purchasers of the 86 stores are:
The FTC must approve all purchases. Delhaize Group operates 3,410 stores globally. In the U.S., it operates the Food Lion and Hannaford supermarket chains totaling just over 1,300 stores. Ahold operates 3,026 stores worldwide including, in the U.S., Stop & Shop, Giant Food, Giant Food Stores, Martin’s Food Markets, and online grocer Peapod. Its U.S. operation includes 770 stores and 210 product pick-up points. “The combination of Ahold and Delhaize Group is a unique opportunity to deliver even more for customers, associates and local communities," said Dick Boer, Ahold CEO. "Together, Ahold and Delhaize Group have been working hard to resolve the competition concerns raised by the FTC, and we are pleased to have found strong, well established buyers for the stores we are required to divest. We deeply appreciate the long-time support of our customers and associates in these locations and are confident that the new owners will continue to serve local communities well.”
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Tags: ahold • delhaize • federal trade commission • ftc • albertson's • big y • publix • saubel's • supervalu • tops • weis • giant • hannaford • food lion • stop and shop • martin • grocery • supermarket • merger • Housewares • Retail •
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