U.S. Ahold unit acquires Ukrop

Richmond, Va. Dutch grocer Royal Ahold NV has bought Ukrop’s Super Markets in a deal valued at $140 million.

The acquisition of Ukrop includes the family-owned grocer's 25 locations, as well as its inventory, equipment and lease agreements. Ukrop employees will be hired by Ahold's Giant-Carlisle division.

The deal adds to Ahold's presence in Virginia, where the company already operates grocery stores under the Giant and Martin's brands.

Under the terms of the deal, Richmond, Va.-based Ukrop will be owned by the Giant-Carlisle division. That unit also operates stores in Maryland, Pennsylvania and West Virginia.

The deal is expected to close in first quarter 2010.