The Kroger Co has reached an agreement to acquire 20 Farmer Jack stores in the Detroit metropolitan area from The Great Atlantic & Pacific Tea Company, Inc. Terms of the deal were not disclosed.
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The stores will become part of Kroger’s Great Lakes division, based in Columbus, Ohio. The division currently operates 244 stores under the Kroger banner in Ohio, West Virginia, and Michigan.
“We are excited to welcome Farmer Jack customers into our family of Kroger stores,” said Bruce Macaulay, president of Kroger’s Great Lakes division. “We look forward to continuing Farmer Jack’s tradition of great customer service and quality stores as we expand in this market.”
The Farmer Jack stores included in the sale agreement are located in the following cities in Michigan: Birmingham, Dearborn Heights, Dearborn (two locations), Northville, Hartland Township, St. Clair Shores, Hazel Park, Troy (three locations), Sterling Heights, Algonac, Grosse Pointe, Roseville, Westland (two locations), Brownstown Township, Romeo, and Imlay City.
The transaction is expected to close in July, subject to customary closing conditions.
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By GlobalData
