Price Chopper/Market 32 announced today that it has just finalized the purchase of the leases, store equipment and fixtures of the five former ShopRite stores in the Capital Region with a desire to expand its local fleet of Market 32 stores.
Jeff Cady, previously director of produce and floral for Tops Friendly Markets BB #:103173 is the …
Scott Grimmett, the current president and CEO of Price Chopper/Market 32, will lead the new parent company Northeast Grocery Inc.
The transaction is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Financial terms of the transaction were not disclosed.