Thursday, July 14, 2016
WBAL NewsRadio 1090
Weis Markets on Thursday announced plans to buy 21 Maryland Food Lion locations.
They’re among 38 in all the Pennsylvania-based grocery chain is buying from its competitor. The stores include locations in Owings Mills, Elkridge, Reisterstown, Edgewater and Eldersburg.
“This transaction provides us the opportunity to expand into markets that are contiguous to our current trade area…essentially doubling our store count in a state where we have steadily grown in recent years,” Weis Markets chairman, president and CEO Jonathan Weis said in a statement. “We’re also looking forward to expanding our operations into two adjacent states with the addition of 13 stores in Virginia and four in Delaware.”
Food Lion will maintain its other locations in the Baltimore suburbs and elsewhere. Weis Markets plans to complete the conversion of most of the purchased locations in September and October and will aim to hire current Food Lion employees to staff the new locations.
“We look forward to interviewing and hiring team members who share our commitment to offering an industry-leading combination of value, quality and customer service,” Weis said.
The sale is part of a condition set forth by the Federal Trade Commission for a merger between Food Lion owner Delhaize and Ahold, who owns chains including Giant Food, Supermarket News reports. Giant will only have to sell one location.
In May, the chain bought five locations in Baltimore County from Mars Super Markets. Days later, that local mainstay announced plans to close the remainder of its stores by the end of July.
Source: New feed