AG HEALEY ANNOUNCES SETTLEMENT ALLOWING PARENT COMPANIES OF STOP & SHOP AND HANNAFORD SUPERMARKET CHAINS TO MERGE
BOSTON – Following a review of the proposed merger between Stop & Shop and Hannaford supermarkets, Attorney General Maura Healey announced today the terms of a settlement allowing the companies’ transaction to move forward.
The AG’s Office joined attorneys general in Delaware, Maryland, Pennsylvania, Virginia, West Virginia and the Federal Trade Commission to complete a national review of the transaction. The proposed merger combines the parent companies of multiple supermarket chains in the United States and Europe. In a settlement, filed in conjunction today with a lawsuit in the federal district court for the District of Columbia, Ahold and Delhaize are required to divest 81 of their stores nationwide to competitors in order to complete the merger.
“Stop & Shop and Hannaford supermarkets are located in numerous Massachusetts communities,” said AG Healey. “By requiring divestitures in cities and towns where the merger would significantly reduce competition, this settlement maintains a marketplace with incentives for stores to offer the best prices, service, and merchandise to consumers.”
Eight of the stores required to be divested before the merger takes place are located in Massachusetts. Big Y Foods, Inc. will be acquiring Hannaford stores in Kingston, Quincy, Norwell, Milford, Norwood, Saugus and Easton, and Tops Markets, LLC will be acquiring a Stop & Shop store located in Gardner.
Ahold operates more than 130 Stop & Shop stores in Massachusetts and its principal U.S. subsidiary, Ahold U.S.A., Inc., is headquartered in Quincy. Delhaize operates more than 20 Hannaford stores in Massachusetts its principal U.S. subsidiary, Delhaize America, LLC, is headquartered in North Carolina.
This matter was handled by Assistant Attorney General Michael MacKenzie, Division Chief William Matlack, and Paralegal/Economic Analyst Kyle Barr of Attorney General Healey’s Antitrust Division.
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