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Ahold Decides to Divest 46...

Ahold Decides to Divest 46 Tops Stores in Northeast Ohio, U.S.A.

07 Jul 2006
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Tops Markets is part of Ahold’s Giant-Carlisle/Tops Arena and currently operates 119 Tops Markets and four Martin's Super Food Stores in New York, Pennsylvania and Ohio.

07/07/06 Ahold announced today its decision to divest 46 Tops supermarkets in Northeast Ohio, United States. This geographically separate region is no longer considered a core part of Tops’ market area, which is concentrated in New York and Pennsylvania.

The 46 stores are located in Greater Cleveland, Akron, Youngstown and Norwalk and currently employ approximately 3,800 full and part-time employees.

William Blair & Company, LLC has been retained to coordinate discussions with potential buyers.

Tops Markets is part of Ahold’s Giant-Carlisle/Tops Arena and currently operates 119 Tops Markets and four Martin's Super Food Stores in New York, Pennsylvania and Ohio.

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