Dec 06, 2012 Ned Campbell Uncategorized
Tops Friendly Markets has entered into an agreement with the Farrugia family to acquire three Big M supermarkets located at 227 E. Main St. in Elbridge, 9 Mechanic St. in Jordan and 3385 Main St. in Mexico, the company announced today.
“We are excited about this growth opportunity for Tops, as we bring these new stores into the Tops family,” said Frank Curci, Tops Markets’ president and CEO. “These stores are a natural addition to our current footprint and we look forward to meeting the needs of our new neighbors and customers, providing them with a positive shopping experience that focuses on variety, freshness, convenience and exceptional value.”
This will be the third acquisition deal this year for Tops and will expand Tops’ footprint further into areas of northern and central New York.
“First and foremost, the Farrugia family would like to thank the Elbridge, Jordan and Mexico communities for their many years of loyal support starting in 1968 in Elbridge,” Michael Farrugia said. “Because of this support, we were able to grow into an organization employing close to 200 associates. We feel that the addition of Tops Markets will enhance the ability for future employment as well as the capacity to upgrade these stores to the benefit of these communities for years to come. Again, we thank everyone for their many years of loyal support.”
The Farrugia family’s Big M stores currently employ 161 people. Those employees will keep their jobs under the deal, the company said, and all three locations will stay open without interruption upon closing. The sale is expected to close by Dec. 31.
Tops Markets, LLC, headquartered in Williamsville, operates 151 full-service supermarkets.