Weis Markets Plans to Acquire Giant Markets
May 21 2009 - 12:22PM
PR Newswire (US)
SUNBURY, Pa., May 21 /PRNewswire-FirstCall/ -- Weis Markets, Inc.
(NYSE: WMK) today announced its plans to purchase the stores of
Binghamton New York-based Giant Markets. It expects to complete the
purchase in 90 days (August 21). Weis Markets will purchase Giant
Markets' Broome County stores located in Binghamton, Vestal,
Endicott, Endwell and Johnson City. "This acquisition is an
excellent strategic fit for our company. Giant Markets is the
market leader in Broome County where they have excellent locations,
modern stores and a strong market presence," said Weis Markets'
Vice Chairman Jonathan Weis. "For many years, they have been a
significant part of the community and they've offered an excellent
combination of quality, value and service. We are pleased to be
working with their associates and look forward to welcoming them to
our organization." Weis Markets is based in Sunbury, Pennsylvania.
It currently operates 154 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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