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Stop & Shop to acquire King Kullen Grocery Co.

Ahold Delhaize announced that Stop & Shop, its largest brand in the United States, has agreed to acquire King Kullen
Grocery Co. as part of the brand’s continued expansion.king

The agreement includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, NY.

“This transaction underscores our commitment to further strengthen the positions of our great local brands in the U.S., both through organic growth and fill-in acquisitions,” said Frans Muller, chief executive officer of Ahold Delhaize.

The acquisition is currently expected to close during the first quarter of 2019, subject to customary closing conditions. Financial terms of the deal were not disclosed.