Stop & Shop acquires three Staten Island, N.Y.-based King Kullen stores
FAIRFIELD, Conn. — Stop & Shop has entered a definitive agreement to acquire three stores, located in Staten Island, N.Y., from supermarket chain King Kullen.
"Stop & Shop is looking forward to expanding our presence on Staten Island," said Don Sussman, division president of Stop & Shop's N.Y. metro division. "These new locations will offer more island customers the best combination of quality, convenience and value they have come to expect from Stop & Shop."
Stop & Shop will open the 1441 Richmond Avenue and 4343 Amboy Road stores, after the sale is completed, which is subject to the customary conditions. The location at 3251 Richmond Avenue will be closed. Additional details about the store conversion process will be announced once the sale is completed.
Stop & Shop currently operates two stores on Staten Island.
"Selling our three Staten Island stores to Stop & Shop enables us to concentrate resources elsewhere within the company," King Kullen VP Thomas Cullen said. "We deeply appreciate the courtesy shown to us by Staten Island and look forward to working closely with Stop & Shop during the transition process."