A&P completes merger with Pathmark

Dec. 5, 2007
The Great Atlantic & Pacific Tea Co Inc (A&P) has completed its acquisition of Carteret NJ-based Pathmark Stores Inc for $1.4 billion in cash, stock, and assumed or retired debt.

The Great Atlantic & Pacific Tea Co Inc (A&P) has completed its acquisition of Carteret NJ-based Pathmark Stores Inc for $1.4 billion in cash, stock, and assumed or retired debt. Pathmark shareholders received $9 in cash and 0.12963 shares of A&P stock for each Pathmark share.

This merger forms a chain of about 450 stores with $9.4 billion in annual sales volume, with leading market share in the New York metropolitan area, as well as significantly increased market share in greater Philadelphia PA and Baltimore MD.

A&P highlighted these aspects of the acquisition:

•Addition of the Pathmark brand and its high-volume, price-impact operating format, which complements A&P’s Fresh, Discount, and Gourmet operations.

•An expanded portfolio of real estate and strategic store locations in the Northeast.

•Retention of 97% combined company EBITDA from store operations.

•An improved financial profile based on $150 million in integration synergies that are anticipated to be achieved within 18 to 24 months.

•The merger of A&P’s and Pathmark’s respective technology strengths.

•Retention of key Pathmark management personnel.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...

Driving Growth: How to Manage More Freight

Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...

How to Maximize Fleet Management with Vehicle Bypass

Join us on February 18th to learn how truck weigh station bypass systems boost fleet performance and driver satisfaction.

Optimizing your fleet safety program using AI

Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.