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Dive Brief:
Price Chopper/Market 32 and Tops Markets have agreed to merge in a transaction that will combine the two privately held regional supermarket chains into a single company with nearly 300 grocery stores in six Northeastern states, the companies announced Monday morning. Financial terms of the deal were not disclosed.
The newly formed company will have more than 30,000 employees and operate stores under the Price Chopper, Market 32, Market Bistro and Tops Market banners in Connecticut, Pennsylvania, New York, Vermont, Massachusetts and New Hampshire. Scott Grimmett, president and CEO of Price Chopper/Market 32, will serve as chief executive of the new company and serve on its board, while Tops Markets Chairman and CEO Frank Curci will assume a board seat and act as a consultant in the transition. ....

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