Ahold's Stop & Shop Supermarket acquires three King Kullen supermarkets on Staten Island, New York; company will have five Staten Island stores, nearly 400 total

Cindy Allen

FAIRFIELD, Connecticut , December 2, 2011 (Stop & Shop) – The Stop & Shop Supermarket Company LLC has entered in a definitive agreement with King Kullen to acquire three supermarket locations on Staten Island, New York. The following locations are part of this acquisition:

1441 Richmond Avenue, Staten Island, New York.
3251 Richmond Avenue, Staten Island, New York.
4343 Amboy Road, Staten Island, New York.

Stop & Shop currently operates two stores on Staten Island and will open the 1441 Richmond Avenue and 4343 Amboy Road stores, after the sale is completed, which is subject to the customary conditions. The location at 3251 Richmond Avenue will be closed. Additional details about the store conversion process will be announced once the sale is completed.

"Stop & Shop is looking forward to expanding our presence on Staten Island," said Don Sussman, Division President of Stop & Shop's NY Metro Division. "These new locations will offer more island customers the best combination of quality, convenience and value they have come to expect from Stop & Shop."

Over 300 associates are currently employed in these locations. Although the store located at 3251 Richmond Avenue will close in early January, Stop & Shop will interview every store associate and will offer employment opportunities to substantially all of them. Stop & Shop and King Kullen will continue to work cooperatively together to ensure a smooth transition for customers and associates.

"Selling our three Staten Island stores to Stop & Shop enables us to concentrate resources elsewhere within the company," stated Thomas Cullen, Vice President, King Kullen. "We deeply appreciate the courtesy shown to us by Staten Island and look forward to working closely with Stop & Shop during the transition process."

About Stop & Shop

The Stop & Shop Supermarket Company LLC employs nearly 62,000 associates and operates nearly 400 stores throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, New York, and New Jersey. The company helps support local communities fight hunger, combat childhood cancer, and promote general health and wellness – with an emphasis on children's educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA's Smart Way program; has been awarded LEED (EB) certifications for 50 of its existing stores; and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.