05Jan2012

Giant Carlisle to Buy 16 Genuardi’s Stores

This memo to Giant business partners was forwarded along to me by a friend…

We are pleased to inform you that the Giant Carlisle division today announced that it has entered into an agreement with Genuardi’s Family Markets, a subsidiary of Safeway Inc. to acquire sixteen Genuardi’s stores in Greater Philadelphia.

Upon completion of the sale, the Giant Carlisle division plans to convert the former Genuardi’s stores into GIANT Food Stores. Employment opportunities with GIANT will be made available to Genuardi’s associates in these 16 stores. The sale is currently expected to close within the first half of 2012, subject to customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Additional details regarding the conversions will be announced at a later date.

The Giant Carlisle division will need your support as it works to convert the stores in a manner that is seamless to the Genuardi’s customer base. In the meantime, please continue to work with your usual contacts within the business.

I know that Rick Herring and the Giant Carlisle team are excited about the opportunity to serve new customers in Greater Philadelphia. Thank you in advance for your tremendous support and for helping us to make the conversion process smooth and successful.

Jeffrey A. Martin
Executive Vice President of Merchandising and Marketing
AUSA Retail
1149 Harrisburg Pike
Carlisle, Pa. 17013