Weis Markets Completes Purchase of 11 Giant Markets in Southern Tier of New York
24 Agosto 2009 - 10:39AM
PR Newswire (US)
SUNBURY, Pa., Aug. 24 /PRNewswire-FirstCall/ -- Weis Markets, Inc.
(NYSE: WMK) today announced it has completed the purchase of eleven
Giant Markets' stores located in Broome County, New York including
units in Binghamton, Vestal, Endicott, Endwell and Johnson City.
"We have completed our acquisition on schedule and are acquiring a
group of stores with a strong market presence in the Southern Tier.
For more than 70 years, Giant Markets has excelled at being a
locally focused retailer," said Weis Markets' Vice Chairman
Jonathan Weis. "We will build on these strengths and are extremely
pleased to welcome nearly a thousand former Giant Markets
associates to our company. They have helped their stores achieve an
excellent reputation for taking care of their customers and we are
pleased to be working with them." All eleven stores, which closed
on Sunday evening for conversion, will reopen on Tuesday at 7 AM.
Weis Markets will hold a Grand Opening celebration next Sunday, on
August 30 when five of these stores will transition to a 24-hour
schedule. Based in Sunbury, PA, Weis Markets now operates 165
stores in Pennsylvania, Maryland, New Jersey, New York and West
Virginia. In 2008, it generated $2.4 billion in sales. DATASOURCE:
Weis Markets, Inc. CONTACT: Dennis V. Curtin of Weis Markets, Inc.,
+1-570-847-3636,
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