Hannaford Bros. Co. Executive Vice President and Chief Operating Officer Ronald C. Hodge announced today that the company has signed an agreement with C&S Wholesale Grocers, Inc. of Brattleboro, VT to acquire five Grand Union stores. Grand Union filed for protection under the U.S. Bankruptcy Code on October 3.
The stores are located in Milton, VT; Enosburg Falls, VT; Kingston, NY; Delmar (Elsmere), NY; and Saugerties, NY. The agreement between Hannaford and C&S is subject to approval by the Bankruptcy Court liquidating Grand Union assets. Before Hannaford can assume possession of the stores additional approvals must be obtained and other conditions met.
"We look forward to bringing these stores under the Hannaford banner," said Hodge, noting that the stores will be closed briefly for re-merchandising.
Founded in Portland, Maine in 1883 and based in Scarborough, Maine, Hannaford Bros. Co. today owns and operates 107 supermarket and food and drug combination stores in Maine, New Hampshire, Vermont, Massachusetts and New York. A wholly owned subsidiary of Delhaize America, Inc., (NYSE: DZA) Hannaford employs 17,000 associates in five states. Its web site is www.hannaford.com.