Pleasanton, Calif.-based Safeway Inc. has reached a definitive agreement to sell three of its Genuardi’s stores in Pennsylvania to Weis Markets Inc. Safeway will continue to operate these stores until the transaction closes, and the company is working through an orderly transition for the stores, according to a news release.
The transaction is subject to customary closing conditions and the completion of the previously announced sale of 16 Genuardi’s stores to Giant Food Stores LLC. The following stores will be sold to Pennsylvania-based Weis:
• 13 Old Dublin Pike, Doylestown;
• 25 West Germantown Pike, Norristown; and,
• 200 Ridge Pike, Conshohocken
“We’re extremely pleased to be adding these stores to our store base,” said Weis Markets President and CEO David J. Hepfinger. “We look forward to serving these communities as the lead local merchant as we have in 33 counties throughout Central, Eastern and Northeastern Pennsylvania. We will also be reaching out to the associates of these stores to discuss employment with our company.”
Safeway is working with Weis to facilitate continued employment for as many employees as possible, the release says.