8 Hannaford stores in Eastern Mass. to be sold
The parent company of Hannaford supermarkets will sell eight stores in Eastern Massachusetts as part of its agreement to be acquired by the parent of Stop & Shop.
The Hannaford stores include those on Hancock Street in North Quincy, Washington Street in Norwell, and Walpole Street in Norwood, the companies said in a statement Wednesday. They will be bought by Big Y, an independent chain based in Springfield.
Tops Markets, a New York chain, agreed to buy one Stop & Shop store in Gardner, as well as three Stop & Shop stores and two Hannaford stores in New York.
Royal Ahold NV, the Dutch company that owns Stop & Shop, agreed to buy the Brussels-based Delhaize Group, which owns Hannaford, in a stock deal valued at $10.4 billion when it was announced in June 2015.
The companies are selling 86 stores in all in connection with the US Federal Trade Commission’s pending review of the proposed merger. All of the purchase agreements are subject to FTC approval and completion of the Ahold-Delhaize Group merger, which the companies expect before the end of July.
Here is a list of Massachusetts stores being sold:
Buyer: Big Y
--182 Summer Street, Kingston
--475 Hancock Street, North Quincy
--10 Washington Street, Norwell
--7 Medway Road, Milford
--434 Walpole Street, Norwood
--637 Lowell Street, West Peabody
--357 Broadway, Saugus
--25 Robert Drive, Easton
Chain: Stop & Shop
--372 Timpany Blvd., Gardner