Stop & Shop 'shores' up N.J. acquisition

FAIRFIELD, Conn. — Stop & Shop announced that it has finalized its acquisition of five New Jersey Shore-area Foodtown supermarkets previously owned by Norkus Enterprises.

The transaction involves stores in Freehold Township, Manalapan, Neptune City, Point Pleasant Beach and Long Branch, N.J. Stop & Shop currently operates 10 stores in Monmouth and Ocean counties.

"Stop & Shop is always looking for opportunities and convenient locations to better serve our customers," said Ron Onorato, division president of Stop & Shop's New York metro division. "We are very excited to have the opportunity to expand our presence in Monmouth and Ocean counties. We look forward to providing our customers in these areas the superior value and quality they have come to expect from Stop & Shop."