Acme puts bid to take over Denville A&P

0
1461

DENVILLE — Parsippany Focus received dozens of emails regarding the A & P Food Store, 123-125 West Main Street, Denville.  Since this food market is so close to Rainbow Lakes and Mt. Tabor sections of Parsippany, residents were wondering what was happening to their local food store.

Our article on the Parsippany Pathmark did not make any mention of the Denville A & P. (click here to read article)

We apologize that we overlooked a major store that many residents shop at.

It was announced that Acme Supermarkets entered into an agreement to acquire 76 A&P stores, and Denville is part of that agreement.

Acme entered into an agreement to acquire stores in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania under the A&P, Superfresh and Pathmark banners.

The offer is subject to customary legal and bankruptcy court approvals, following A&P’s Chapter 11 filing on July 19, 2015, including the potential for higher bids to be submitted and anti-trust approval. A&P has asked the court for an order requiring other bidders to submit their bids by September 11, 2015, with an expectation that court approval for the sale of the stores would be received byOctober 15, 2015.

ACME Markets, a wholly-owned subsidiary of AB Acquisition LLC (Albertsons Companies), operates 107 stores across PennsylvaniaDelaware, Maryland and New Jersey. Since it was acquired by Albertsons in 2013, ACME Markets has improved the customer experience and store performance across the division, deploying its operational playbook to drive sales growth. The transaction, if completed, would expand the ACME Markets footprint in a strategic and vibrant market and build upon A&P’s rich history of delivering quality products and services in the neighborhoods they serve.

RBC Capital Markets is serving as exclusive financial advisor in connection with this transaction. Milbank, Tweed, Hadley & McCloy LLP is serving as lead bankruptcy counsel. Schulte Roth & Zabel LLP is serving as outside legal counsel on antitrust matters. Greenberg Traurig, LLP is serving as outside legal counsel on real estate matters. Citigroup Global Markets Inc. and Bank of America Merrill Lynch provided committed financing in support of the acquisition.

About ACME Markets
ACME Markets Inc. began in 1891 when two friends, Samuel Robinson and Robert Crawford, opened a small neighborhood grocery store in South Philadelphia, emphasizing quality products, low prices, and friendly service. Over 124 years later, Acme remains dedicated to providing a high-quality grocery experience that our customers have come to expect.  Today, Acme operates 107 stores, including Sav-On Pharmacies at select locations, in Pennsylvania, New Jersey, Delaware and Maryland, employing more than 11,000 associates. The company and its associates remain committed to the communities they serve.  For more information, visit www.acmemarkets.com.

About Albertsons
Albertsons is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. They operate stores across 33 states and the District of Columbia under 18 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs.

Listing of the 76 stores include:

A&P (2007 State Route 35, Wall Township, NJ)
A&P (100 Triangle Center, Yorktown, NY)
A&P (137 Lake Street, Midland Park, NJ)
A&P (125 Franklin Turnpike, Mahwah, NJ)
A&P (1260 Springfield Avenue, New Providence, NJ)
A&P (610 Columbus Avenue, Thornwood, NY)
A&P (2160 Lemoine Avenue, Fort Lee, NJ)
A&P (520 Chestnut Ridge Road, Woodcliff Lake, NJ)
A&P (660 Mclean Avenue, Yonkers, NY)
A&P (3105 East Main Street, Mohegan Lake, NY)
A&P (123-125 Main Street, Denville, NJ)
A&P (125 18th Street, Jersey City, NJ)
A&P (45 Demercurio Drive, Allendale, NJ)
A&P (2005 Albany Post Road, Croton on Hudson, NY)
A&P (1511 Route 22, Brewster, NY)
A&P (801 Kenilworth Boulevard, Kenilworth NJ)
A&P (907D Oak Tree Road, South Plainfield, NJ)
A&P (5774 Berkshire Valley Road, Jefferson Township, NJ)
A&P (530 Route 515 Unit 1, Vernon, NJ)
A&P (1233 Nepperhan Avenue, Yonkers, NY)
A&P (507 Prospect Avenue, Little Silver, NJ)
A&P (614 Clinton Street, Hoboken, NJ)
A&P (Route 22 and Route 138, Golden Bridge, NY)
A&P (829 Route 82, Hopewell Junction, NY)
A&P (12-14 Cedar Street, Bronxville, NY)
A&P (510 Valley Road, Montclair, NJ)
A&P (1201 High Ridge Road, Stamford, CT)
A&P (422 Old Post Road, Bedford, NY)
A&P (3 Village Center, Mahopac, NY)
A&P (1060 Raritan Road, Clark, NJ)
A&P (230 Saw Mill River Road, Millwood, NY)
A&P (5 Ortley Plaza, Ortley Beach, NJ)
A&P (455 Route 23, North Sussex, NJ)
A&P (261 South Ridge Street, Rye Brook, NY)
A&P (160 West Putnam Avenue, Greenwich, CT)
A&P (1886 Pleasantville Road, Briarcliff Manor, NY)
A&P (152 Route 94, Blairstown, NJ)
A&P (1261 East Putnam Avenue, Riverside, CT)
A&P (777 White Plains Road, Eastchester, NY)
A&P (199 Kinderkamack Road, Park Ridge, NJ)
A&P (103 Knollwood Road, Greenburgh, NY)
A&P (1366 East Main Street, Shrub Oak, NY)
A&P (55 Riverwalk Drive West New York, NJ)
A&P (23 Quaker Ridge Road, New Rochelle, NY)
A&P (Route 44 and North Avenue, Pleasant Valley, NY)
A&P (288 Elm Street, New Canaan, CT)
A&P (990 Shrewsbury Avenue, Tinton Falls, NJ)
A&P (3500 Route #9, Old Bridge, NJ)
A&P (75 Mayhill Street, Saddle Brook, NJ)
A&P (177 Washington Valley Road, Warrenville, NJ)
Pathmark (321 Stadium Plaza, Jersey City, NJ)
Pathmark (58 Broadway, Elmwood Park, NJ)
Pathmark (481 River Road, Edgewater, NJ)
Pathmark (2101-41 Cottman Avenue, Philadelphia, PA)
Pathmark (4100 Park Avenue, Weehawken, NJ)
Pathmark (80 New Bridge Road, Bergenfield, NJ)
Pathmark (281-295 Ferry Street, Newark, NJ)
Pathmark (5100 Wellington Avenue, Ventnor, NJ)
Pathmark (7700 Crittenden Street, Philadelphia, PA)
Pathmark (100 College Square, Newark, DE)
Pathmark (4365 Kirkwood Highway, Wilmington , DE)
Pathmark (643 Conchester Highway, Boothwyn, PA)
Superfresh (180 West Girard Ave, Philadelphia, PA)
Superfresh (9507 Coastal Highway, Ocean City, MD)
Superfresh (1305 West Chester Pike, Havertown, PA)
Superfresh (609 East Bay Avenue, Manahawkin, NJ)
Superfresh (800 2nd Street, Pike Richboro, PA)
Superfresh (1812 Marsh Road, Wilmington, DE)
Superfresh (305 South Fifth Street, Philadelphia, PA)
Superfresh (800 West Avenue, Ocean City, NJ)
Superfresh (1001 South Street, Philadelphia, PA)
Superfresh (18578 Coastal Highway Rehoboth, DE
Superfresh (2400 Delaware Avenue, Wildwood, NJ)
Superfresh (250 East Lancaster, Wynnewood, PA)
Superfresh (1025 Youngs Ford Road, Gladwyne, PA)
Superfresh (401 New London Road, Newark, DE)