The Grand Union stores will showcase C&S's already successful retail strategies and be supported by our strong wholesale supply chain and programs to deliver solid retail performance." "This is an important component of our growth and future success. "With our recent announcement of the purchase of Piggly Wiggly Midwest, this is another very exciting opportunity for C&S to further expand into the retail market," Rick Cohen, executive chairman of C&S Wholesale Grocers, said in a statement. The 12 Tops stores that also include ones in Cooperstown, Cortland, and Rome, will be sold to C&S Wholesale Grocers.Ĭ&S said it will convert all 12 stores - which also includes ones in Norwich, Peru, Saranac Lake, Sherrill, Warrensburg, two locations in Watertown and one in Rutland, Vermont - to Grand Union supermarkets. The joint companies' blueprint will be so large across upstate New York that the FTC and the state Attorney General's office are mandating that the company divest and sell 12 stores to ensure competition in those regions. “Now we can dedicate ourselves to bringing these two storied grocery chains together, leveraging best practices, developing new opportunities and finding efficiencies that will help us continue to deliver distinctive shopping experiences,” Scott Grimmett, the current Price Chopper/Market 32 president who will lead the new parent company, said in a statement. The deal was signed off by the Federal Trade Commission on Monday. The deal, first announced in February, brings together two of upstate New York's largest supermarket chains, with nearly 300 stores and about 30,000 full and part-time workers. The Commission vote to approve the final order was 4-0.The Grand Union at Four Corners in Vestal in 2002, shortly before it closed. Under the order, the supermarket operators will divest one supermarket in each market except for Watertown, where they will divest two. The order also requires C&S Wholesale Grocers to obtain the prior approval of the FTC before selling any of the assets it is acquiring in this divestiture.įirst announced in November 2021, the complaint alleged that the merger as proposed was likely to substantially lessen competition for the sale of grocery products in the New York communities of Cooperstown, Cortland, Oneida, Owego, Norwich, Warrensburg, Lake Placid, Rome, Watertown, and Plattsburgh and in Rutland, Vermont. The order requires the parties to obtain the prior approval of the FTC before selling or acquiring supermarkets in the affected markets. Under the terms of the final settlement, the supermarket operators have agreed to divest 12 Tops supermarkets to C&S Wholesale Grocers. would likely be anticompetitive in 11 local markets across upstate New York and Vermont. About the FTC Show/hide About the FTC menu itemsįollowing a public comment period, the Federal Trade Commission has approved a final order settling charges that the merger of New York-based supermarket operators The Golub Corp., which owns the Price Chopper chain, and Tops Market Corp.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.
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