Business & Finance

Carmel’s Hannaford Supermarket to be Sold

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The Hannaford store in Carmel will soon become a Tops Friendly Market. Credits: Bob Dumas
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Credits: Photo Courtesy of Linkedin
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MAHOPAC N.Y. — The Hannaford supermarket in Putnam Plaza on Route 6 in Carmel has been sold to an upstate grocery retailer based in Williamsville, N.Y. and will become a Tops Friendly Market. It is unclear exactly when the transition will take place, as it hinges on approval from the Federal Trade Commission (FTC) and other closing conditions.

Tops Friendly Markets, which also has stores in northwestern Pennsylvania, and western Vermont, said it has entered into agreements with both Stop & Shop and Hannaford to acquire five supermarkets located in the Hudson Valley area and one in Massachusetts. Four of the supermarkets are from the Stop & Shop banner and two are from the Hannaford banner.

The transactions are contingent on the FTC’S approval and clearance of the merger between parent companies Ahold and Delhaize Group. The sale would expand Tops’ footprint further into areas of northern and eastern New York State and into its fourth state in Massachusetts.

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“We are very excited about this growth opportunity for Tops, especially since these stores are a natural extension of our current footprint,” said Frank Curci, Tops Markets’ chairman and CEO, in a prepared statement “We are looking forward to having these stores, the associates and the surrounding communities become part of the Tops family, and for both our customers and us, it will be business as usual.”

Upon completion of the sales, current plans call for the six stores to be rebannered and operated under the Tops Markets name. There are more than 750 associates in total employed at the six locations locations, which will bring Tops associate totals to over 16,000. In a statement, Tops officials said they will offer all employees continued employment with Tops and operate all six stores without any interruption in service.

“Upon completion of these purchases, we plan to invest in the stores and the surrounding communities in an effort to best serve our associates and customers,” said John Persons, Tops’ president and CEO. “We look forward to meeting the needs of our new neighbors and customers, providing them with a positive shopping experience that focuses on variety, freshness, convenience and exceptional value.”

The purchases are expected to close in the next few months and are subject to customary closing conditions. Specific terms of the agreements were not disclosed.

Besides the Carmel store, the Hannaford in LaGrangeville in Dutchess County will also become a Tops Friendly Market. The Hannaford in Pawling would remain untouched

Tops Markets, LLC, operates 170 full-service supermarkets—165 company-owned with an additional five supermarkets operated by franchisees under the Tops banner. It employs over 15,000 associates. With these most recent acquisitions, those numbers are anticipated to expand to over 16,000.

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