PR Newswire
SUNBURY, Pa., July 14, 2016
SUNBURY, Pa., July 14, 2016 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK), a Mid-Atlantic food retailer, today announced it has reached a definitive agreement with Food Lion, LLC, to purchase the assets of 38 Food Lion supermarket locations operating in the states of Maryland, Virginia and Delaware. The Company plans to complete the purchase of these locations pending regulatory approval.
"This transaction provides us the opportunity to expand into markets that are contiguous to our current trade area, particularly in Maryland where we are adding 21 stores— essentially doubling our store count in a state where we have steadily grown in recent years," said Weis Markets Chairman, President and CEO Jonathan Weis. "We're also looking forward to expanding our operations into two adjacent states with the addition of 13 stores in Virginia and four in Delaware."
Weis Markets expects to complete the conversion process for the majority of these stores in September and October and is interested in hiring current Food Lion store teams for the purchased locations. "We look forward to interviewing and hiring team members who share our commitment to offering an industry-leading combination of value, quality and customer service," Weis said.
This is the Company's second major acquisition in 2016. In May, it announced plans to purchase five Mars Super Markets in Baltimore County, Maryland, a deal expected to close later this summer. When both purchases are complete, Weis Markets will have increased the number of its operating stores by more than 25 percent and will operate 202 stores in seven states: Pennsylvania, Maryland, Virginia, New York, New Jersey, Delaware and West Virginia.
The following is a list of Food Lion store locations Weis Markets intends to purchase in the agreement with Food Lion, LLC:
NO. | ADDRESS | CITY | STATE |
2565 | 17232 N Village Main Blvd | Lewes | DE |
960 | 24832 John J Williams Hwy | Millsboro | DE |
1321 | 36731 Old Mill Road | Millville | DE |
488 | 19287 Miller Road | Rehoboth Beach | DE |
1356 | 15789 Livingston Road | Accokeek | MD |
784 | 45315 Alton Lane | California | MD |
2515 | 20995 Point Lookout Road | Callaway | MD |
2598 | 5896 Robert Oliver Place | Columbia | MD |
1549 | 15300 Mcmullen Hwy SW | Cumberland | MD |
1289 | 219 Marlboro Avenue | Easton | MD |
1315 | 3261 Solomons Island Road | Edgewater | MD |
1324 | 6375 Monroe Avenue | Eldersburg | MD |
1529 | 6551 Waterloo Road | Elkridge | MD |
1187 | 17600 Old National Sq Pike | Frostburg | MD |
1345 | 16567 South Frederick Road | Gaithersburg | MD |
1477 | 883 Russell Avenue | Gaithersburg | MD |
1168 | 100 Drury Drive | La Plata | MD |
1210 | 19 St. Mary's Square | Lexington Park | MD |
2606 | 210 H G Trueman Road | Lusby | MD |
1387 | 12100 Central Avenue | Mitchellville | MD |
2535 | 9251 Lakeside Boulevard | Owings Mills | MD |
1526 | 750 Prince Frederick Blvd | Prince Frederick | MD |
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