Hannaford Acquiring Two Independent Stores

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Hannaford Acquiring Two Independent Stores

SCARBOROUGH, Maine -- Hannaford Brothers Co. here said last week it would buy two independent Shop 'n Save grocery stores it had been supplying in West Sand Lake and Voorheesville, N.Y., according to a local press report. Terms of the deal, which is slated to close at the end of this month, weren't disclosed.

Independent storeowners Kevin and Cheryl Smith will continue to operate two other Shop 'n Save stores, in Ravena and Schaghticoke, N.Y. Hannaford had formerly used the Shop 'n Save banner before switching to the Hannaford trade name across the company.

The stores sold to Hannaford will be converted to Hannaford markets, and their 187 employees will remain at the locations and likely receive better benefits, Smith told the Albany, N.Y. Times Union. Additionally, a pharmacy will be added to the West Sand Lake store. The Vorheesville location already has one.

Delhaize-owned Hannaford operates 160 stores in the Northeast, employing 26,000 associates.