Price Chopper and Tops Markets Announce Merger
Syracuse, N.Y. — Price Chopper/Market 32 and Tops Markets plan to merge, creating an alliance of two iconic New York-based supermarket chains with nearly 300 stores across the Northeast.
The two companies announced Monday they have entered into a definitive merger agreement. The stores will retain their names, the companies said.
The new parent company will be headquartered in Schenectady. The Price Chopper/Market 32 and Tops Markets businesses will retain main offices in Schenectady and Williamsville and will continue to be managed locally by their respective leaders.
Tops spokesperson Kathy Sautter said the transaction is expected to close within several months, subject to regulatory approval.