Stop & Shop to acquire King Kullen
Stop & Shop announced on Jan. 4 that the company plans to acquire Long Island-based King Kullen. The purchase agreement will include 32 King Kullen supermarkets, five Wild by Nature stores and the use of King Kullen Grocery corporate office located in Bethpage. The deal is expected to close in the first quarter of 2019, according to a press release. Financial terms were not disclosed.
“King Kullen is a well-respected grocery chain in the Long Island market that has an 88-year tradition of excellent customer service,” said Mark McGowan, president of Stop & Shop, in a news release. “We look forward to bringing our quality, selection and value to more communities in Nassau and Suffolk counties.”
King Kullen, which opened on Jamaica Avenue in Queens in 1930, is recognized by the Smithsonian Institution as the America’s first “supermarket.”
“Our family has been in the grocery business for 88 years,” Brian Cullen, co-president of King Kullen Grocery Co., said in a statement. “Recently, we determined that the best option for our family and our associates was to merge King Kullen into Stop & Shop.”
“As a family-owned and operated business, we are very proud of our heritage and extremely grateful to all of our associates and customers for their support over the years,” he continued, adding, “We are confident the Stop & Shop brand will carry on our legacy of service in the region. It has been an honor and a privilege to be part of the fabric of this Island for all these years.”
In Suffolk County, King Kullen has locations in Blue Point, Bridgehampton, Center Moriches, Cutchogue, Eastport, Halesite, Hampton Bays, Huntington Station, Lake Ronkonkoma, Lindenhurst, Manorville, Middle Island, Mount Sinai, North Babylon, North Patchogue, Shirley, St. James and Wading River while Wild by Nature stores in Suffolk County are located in East Setauket, West Islip, Hampton Bays and Huntington.
It is not yet known whether the stores being acquired will continue to operate under their current banners or become Stop & Shop.
