Weis Markets Inc. on Monday said it was buying three Genuardi's supermarkets from Safeway Inc. - two in Montgomery County, on Ridge Pike in Conshohocken and on West Germantown Pike in Norristown, and a location on Old Dublin Pike in Doylestown, Bucks County.
No sale price was disclosed. Weis said the suburban stores would operate under the Genuardi's name until the deal was completed.
The trio of Genuardi's stores nearly doubles the Weis presence in suburban Philadelphia, raising its tally of stores to seven. Weis Markets' four existing local stores are all in Montgomery County, said company spokesman Dennis Curtain, with none in Philadelphia or Bucks, Chester and Delaware Counties.
The three stores are among eight supermarkets that Safeway, Genuardi's parent company, said it would try to sell.
In January, Safeway announced an agreement to sell 16 of its 27 Genuardi's supermarkets to Giant Food Stores for $106 million.
"We're extremely pleased to be adding these stores to our store base," Weis Markets president and chief executive David J. Hepfinger said in a news release. "We look forward to serving these communities as the lead local merchant as we have in 33 counties throughout central, eastern and northeastern Pennsylvania. We will also be reaching out to the associates of these stores to discuss employment with our company."
Weis Markets was founded 100 years ago and today operates 161 stores in Pennsylvania, Maryland, New York, New Jersey, and West Virginia.
Contact staff writer Maria Panaritis at 215-854-2431, mpanaritis@phillynews.com, or @panaritsm on Twitter.
