November 2, 2012
Stop & Shop New England
Stop & Shop to Acquire Johnnie's Foodmaster Medford, Mass. Lease
(Quincy, MA) Nov. 2, 2012 - The Stop & Shop Supermarket Company LLC announced today that it has entered into an agreement with Johnnie's Foodmaster to acquire the Foodmaster lease in Medford, Mass.
"Stop & Shop has a long history of serving New England customers," said Joe Kelley, president, Stop & Shop New England Division. "We are excited to expand our offering in greater Boston with this new location. Stop & Shop looks forward to serving new customers with our signature value, quality, and commitment to the community."
Upon completion of the sale, Stop & Shop plans to quickly convert the Medford location into a Stop & Shop branded store and re-open before the end of the year.
Stop & Shop has committed to interviewing all Johnnie's Foodmaster employees in this store who wish to apply for a position with Stop & Shop.
The acquisition is currently expected to close prior to the end of the year.
About Stop & Shop
The Stop & Shop Supermarket Company LLC employs approximately 60,000 associates and operates 400 stores throughout Massachusetts, Connecticut, Rhode Island, New York, and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness - with emphasis on children's educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA's Smart Way program; has been awarded LEED (EB) certifications for 54 of its existing stores; and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com and www.facebook.com/stopandshop.