Wakefern to buy 10 Stop & Shop Supermarkets

ELIZABETH, N.J. Wakefern Food Corp. announced today it has entered into an agreement with the Stop & Shop Supermarket Co. to purchase the store fixtures and assets of 10 Stop & Shop Supermarkets. The projected acquisition is expected by August 15. Once the acquisition from Stop & Shop is complete, the store locations will be retrofitted on an accelerated timeline and reopened as ShopRite supermarkets.

"The acquisition of the stores in South Jersey represents an unprecedented growth opportunity for Wakefern and its members," stated Joseph Colalillo, chairman of the board and ceo of Wakefern.