The Stop & Shop Supermarket Company LLC has entered in a definitive agreement with King Kullen to acquire three supermarket locations on Staten Island, N.Y. The following locations are part of this acquisition: 4343 Amboy Rd.; 3251 Richmond Ave.; and 1441 Richmond Ave.
Stop & Shop currently operates two stores on Staten Island and will open the 1441 Richmond Ave. and 4343 Amboy Rd. stores after the sale is completed, which is subject to the customary conditions, according to the company. The location at 3251 Richmond Ave. will be closed. Additional details about the store conversion process is expected to be announced once the sale is completed.
“Stop & Shop is looking forward to expanding our presence on Staten Island,” said Don Sussman, division president of Stop & Shop’s New York Metro Division. “These new locations will offer more island customers the best combination of quality, convenience and value they have come to expect from Stop & Shop.”
More than 300 associates currently are employed in these locations. Though the store located at 3251 Richmond Ave. will close in early January, Stop & Shop reports that it will interview every store associate with plans to offer employment opportunities to substantially all of them.
“Selling our three Staten Island stores to Stop & Shop enables us to concentrate resources elsewhere within the company,” said Thomas Cullen, VP of King Kullen. “We deeply appreciate the courtesy shown to us by Staten Island and look forward to working closely with Stop & Shop during the transition process.”
The Stop & Shop Supermarket Company LLC employs nearly 62,000 associates and operates nearly 400 stores throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, New York and New Jersey.