Ahold Delhaize announces that Stop & Shop has agreed to acquire King Kullen Grocery Co.

Zaandam, the Netherlands, January 4, 2019 – Ahold Delhaize announces today that Stop & Shop, its largest brand in the United States, has agreed to acquire King Kullen Grocery Co. as part of the brand’s continued expansion on Long Island, N.Y. The agreement includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, N.Y.

“This transaction underscores our commitment to further strengthen the positions of our great local brands in the U.S., both through organic growth and fill-in acquisitions,” said Ahold Delhaize CEO Frans Muller.

The acquisition is currently expected to close during the first quarter of 2019, subject to customary closing conditions. Financial terms of the deal were not disclosed.

Cautionary notice

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as continued expansion, commitment, further strengthen, growth, (currently) expected, first quarter of 2019 or other similar words or expressions are typically used to identify forward-looking statements.

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