Parent Companies of Stop & Shop, Hannaford to Merge
The corporate parents of two supermarket chains with a major presence in Eastern Massachusetts are going to be joining forces.
The Patriot Ledger is reporting that Royal Ahold NV--which owns the Quincy-based Stop & Shop--and Delhaize Group--which owns the Scarborough, ME-based Hannaford--will be merging into a new company called Ahold Delhaize. The article says that the deal, which is slated to be finalized in the middle of 2016 (pending approval by regulators and shareholders), could be worth approximately $29 billion and that Ahold CEO Dick Boer would be CEO of the new company, with Delhaize CEO Frans Muller being his deputy.
Both Stop & Shop and Hannaford have a number of locations in the Boston area and elsewhere in the region, though Food Lion--which is another supermarket owned by Delhaize Group and would also be part of the merger--has no presence in the area, with their stores being located in the Middle Atlantic states and the Southeast.
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