Northeast Grocery
 | |
| Company type | Private |
|---|---|
| Predecessors | Price Chopper and Tops Friendly Markets |
| Founded | 2021 |
| Headquarters | , |
Key people | Frank Curci (CEO) |
| Website | www |
Northeast Grocery is the parent company of Tops Friendly Markets, Price Chopper and Market 32.[1] The company was formed after a merger in 2021 which gives the company nearly 300 stores in the northeast United States.[2][3]
History
[edit]On February 8, 2021, Price Chopper and Tops announced plans to merge.[4] The new parent company would be headquartered in Schenectady, New York. The Price Chopper and Tops businesses will retain main offices in Schenectady and Williamsville respectively and will continue to be managed locally by their respective leaders.[5]
Nine months later, the merger was completed. The stores are now owned and overseen by Northeast Grocery. The President and CEO of Price Chopper, Scott Grimmett, stayed on to manage the merger before retiring in February 2022, with Tops Friendly Markets CEO Frank Curci taking over after that.[6] The FTC required the combined company to divest from 12 of the combined companies’ stores.[7] Those stores were sold to C&S Wholesale Grocers with most given the Grand Union name.[8]
Store Locations
[edit]- Tops Friendly Markets - 149 stores and 5 gas station/convenience stores
- Price Chopper - 131 stores in six states: (Upstate New York, Vermont, Connecticut, Massachusetts, New Hampshire, and Pennsylvania)
References
[edit]- ^ Gereau, Harrison (2022-01-19). "Northeast Grocery appoints new CEO after retirement of Scott Grimmett". News10. Archived from the original on 2022-05-15. Retrieved 2022-05-15.
- ^ Robinson, David (February 11, 2021) [February 10, 2021]. "What the Tops-Price Chopper merger means to local shoppers". The Buffalo News. One News Plaza. Archived from the original on February 16, 2021.
- ^ Browne, Michael (2021-11-08). "Price Chopper/Market 32 and Tops Markets complete merger". Supermarket News. Archived from the original on 2022-05-15. Retrieved 2022-05-15.
- ^ "Price Chopper/Market 32 and Tops Market to Merge". PR Newswire. 2021-02-08.
- ^ "Price Chopper, Tops Markets to Merge". Progressive Grocer. 2021-02-08.
- ^ "Frank Curci to replace retiring Scott Grimmett as CEO of Northeast Grocery". January 19, 2022.
- ^ "Price Chopper/ Market 32, Tops Market complete merger". NEWS10 ABC. 2021-11-08. Retrieved 2021-11-09.
- ^ "C&S WHOLESALE GROCERS ENTERS INTO A DEFINITIVE PURCHASE AGREEMENT FOR 12 TOPS MARKETS STORES". C&S WHOLESALE GROCERS ENTERS INTO A DEFINITIVE PURCHASE AGREEMENT FOR 12 TOPS MARKETS STORES. 9 November 2021. Retrieved 9 November 2021.
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