A&P Wraps Up Pathmark Deal, Creates a Giant

Summary

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The Great Atlantic & Pacific Tea Co. completed its $1.4 billion acquisition of Pathmark Stores Inc. on Monday, creating one of the biggest supermarket chains in the Northeast.

The sale creates a chain of 449 stores with $9.4 billion in annual sales volume, with leading market share in the New York metropolitan area, the nation's largest consumer market, as well as significantly increased market share in greater Philadelphia and Baltimore.

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A&P Wraps Up Pathmark Deal, Creates a Giant

The chains will retain their existing brand names, but cor...

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