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Acme Markets

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BUSINESS
June 27, 1998 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
Acme Markets intends to build a 1.4-million-square-foot warehouse and distribution complex near Reading, worrying leaders of the union that represents the company's warehouse workers in Philadelphia. Acme, operated by American Stores Inc., has two warehouses in Philadelphia that together employ about 750 in about 1.1 million square feet, according to Jim Brennan, president of the warehouse workers' union, Teamsters Local 169. The local, fearing that Acme plans to move those operations out of the city, will hold an informational meeting this morning at its headquarters.
BUSINESS
March 25, 2010 | By Jeff Gelles INQUIRER STAFF WRITER
The parent company of Acme Markets, the region's largest grocery chain, yesterday named Dan Sanders Acme's new president. Sanders, the former chief executive officer of Texas-based United Supermarkets, will join Acme immediately and replaces Judith Spires, who resigned earlier this month. Supervalu Inc., the Minnesota company that owns Acme, appointed Sanders less than three weeks after Spires announced her resignation effective March 13. Acme operates 124 stores in Pennsylvania, New Jersey, Delaware, and Maryland, and it has more than 16,000 employees.
BUSINESS
March 21, 2013 | By Linda Loyd, INQUIRER STAFF WRITER
Acme Markets' corporate parent, Supervalu Inc., completed Thursday the sale of five grocery chains, including Malvern-based Acme, to a group of private-equity firms and real estate investors. The sale price was $100 million and the assumption of $3.2 billion in debt. Operations for Acme, Albertsons, Jewel-Osco, Shaw's, and Star Market stores and related in-store pharmacies were to transfer at 3:01 a.m. Friday to AB Acquisition L.L.C., an affiliate of an investor consortium, former Chrysler owner Cerberus Capital Management L.P. Investors include Philadelphia-based Lubert-Adler Partners, as well as Kimco Realty Corp., Klaff Realty L.P., and Schottenstein Real Estate Group.
NEWS
January 22, 1989 | By William Tuthill, Special to The Inquirer
For those Phoenixville shoppers who forget what it is their local Acme specializes in, a sign on the building soon will tell them that food can be bought there. The borough's Zoning Hearing Board Wednesday night approved an application by Acme Markets Inc. to install two signs on the front of its new store on Starr Street. The signs, which will read "Food and Drugs" and "Pharmacy," will be placed on either side of the trademark oval Acme sign already at the center of the store's brick facade.
NEWS
February 22, 1990 | By Christine Donato, Special to The Inquirer
An application for the rezoning of an Acme parcel in Maple Glen could mean a reprisal of a 3-year-old zoning controversy over an adjacent piece of land. The property owned by Acme Markets and bordered by Welsh Road, Norristown Road and Limekiln Pike is zoned for mobile homes. The owners have applied for a commercial zoning so they may build a 58,000-square-foot supermarket on the 17 acres. On the adjacent property, at Welsh Road and Butler Pike, Sal Paone Builders had planned to build a 33-home subdivision on the 29.79 acres - until until Acme announced its plans.
BUSINESS
January 21, 2011 | By Maria Panaritis, Inquirer Staff Writer
Acme Markets, whose struggling corporate parent rattled shareholders by losing $202 million in its last quarter, was rebuffed this week by local unionized clerks, who rejected an offer to eliminate up to 300 positions through buyouts. United Food and Commercial Workers Local 1776 sent Malvern-based Acme a letter Thursday informing the grocer that Philadelphia-area members had voted "no" to the cash-saving maneuver Wednesday night, president Wendell Young IV said. About 100 of their South Jersey counterparts who belong to another UFCW local accepted similar voluntary buyouts and left their jobs just after Christmas.
BUSINESS
April 12, 1991 | By Susan Warner, Inquirer Staff Writer
The parent company of Acme Markets, the area's largest grocery chain, yesterday pulled the stores off the market, saying the price offered was too low. American Stores Co., of Salt Lake City, said it had been offered almost $1 billion for the chain's 270 stores. But that fell short of the value Wall Street analysts had put on Acme: $1.1 billion to $1.3 billion. American Stores, the nation's largest supermarket owner, cited other factors in its decision to pull Acme off the market.
NEWS
November 4, 1987 | By Emilie Lounsberry, Inquirer Staff Writer
Two former buyers for Acme Markets Inc. were charged yesterday with accepting a total of more than $2.5 million in illegal payments and kickbacks from vendors who sold products or performed services for the supermarket chain. H. William Johns, 52, of Gibbsboro, the former director of packaging, equipment and supplies procurement, was charged in a federal indictment with accepting nearly $2 million in illegal payments from five Acme suppliers between 1979 and 1985. Dale C. Jacob, 45, of Voorhees,another former buyer, was charged with accepting more than $580,000 in kickbacks from five suppliers between January 1980 and May 1985.
BUSINESS
March 2, 2009 | By Maria Panaritis INQUIRER STAFF WRITER
If you live in the region, chances are this woman has fed you. She's Judith A. Spires, president of Acme Markets Inc., and on March 12, the checkout-girl-turned-bigwig will receive the Paradigm Award, an annual tribute to a female chief executive in the region. Spires, 55, has spent 30 years in the grocery business. The Cherry Hill native and daughter of an Acme truck driver was 16 when she took a part-time job at Acme to earn money for college. She oversees 16,000 Acme employees in Pennsylvania, New Jersey, Delaware, and Maryland.
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NEWS
June 24, 2014 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
FOLKS AROUND 56th Street and Lansdowne Avenue in West Philadelphia called Reece Coney the "Lansdowne Avenue Griot. " The term "griot" comes from West Africa and denotes a person who is a neighborhood leader, historian, storyteller and wise man. That was Reece. "Reece was a treasure," said Jean Waites-Howard, social worker, teacher, evangelist and longtime friend. "He was a precious link in our circle. His role is irreplaceable. He was respected and loved in the neighborhood.
BUSINESS
April 26, 2014 | By Jane M. Von Bergen, Inquirer Staff Writer
Acme Markets told its largest union Wednesday that it was unilaterally terminating its contract, effective April 30. The union, United Food and Commercial Workers Local 1776, has scheduled a 7 p.m. Monday meeting at Temple University's Liacouras Center for its 2,700 Acme employee members to discuss options: a strike, a lockout possibility, or working without a contract. "A work stoppage is always the last resort," said Wendell Young 4th, who heads the union local. He said Acme clerks have been working under the terms of a contract that expired in February 2012.
BUSINESS
September 12, 2013 | By Harold Brubaker, Inquirer Staff Writer
The massive Labor Day weekend fire at Dietz & Watson's Delanco warehouse destroyed not just the building but also two weeks' supply of deli meat, hot dogs, and hams. To make up for the loss, management called production workers in on Labor Day, even before the blaze was declared under control late that afternoon. "We have produced record amounts of product in one week," Louis J. Eni Jr., chief executive of the 74-year-old, family-owned firm, said in an interview Monday, after working through the weekend, as did the entire company.
NEWS
August 10, 2013 | By Julia Terruso, Inquirer Staff Writer
Update: The winning ticket sold in Little Egg Harbor was bought by a group of 16 employees from the Ocean County Vehicle Maintenance Department, their boss confirmed Friday. They will not come foreward to claim the prize and reveal their identities until next week, said Jim Pine, the department's director.  Earlier Story: Two of three winning tickets of the $448.4 million Powerball were sold in the Garden State, officials said, though as of Thursday night no one had come forward to claim the prizes.
BUSINESS
March 23, 2013 | By Linda Loyd, Inquirer Staff Writer
Acme Markets' corporate parent, Supervalu Inc., completed the sale Thursday of five grocery chains, including Malvern-based Acme, to a group of private-equity firms and real estate investors. The price was $100 million and the assumption of $3.2 billion in debt. Operations of Acme, Albertsons, Jewel-Osco, Shaw's, and Star Market stores and related in-store pharmacies were to transfer at 3:01 a.m. Friday to AB Acquisition L.L.C., an affiliate of an investor consortium, former Chrysler Corp.
BUSINESS
January 13, 2013
"I hear they are going to try to operationally run the stores, rather than sell them to a competitor like Kroger or Safeway. That remains to be seen. " - Analyst Michael Keara, Morningstar Inc., on the future of Acme markets, sold by Supervalu Inc. to a group of private-equity firms. "Let's not sit around and wait to be told what to do. Let's build a business. " - Chet Kanojia, founder and CEO, Aereo Inc., a new Internet-based TV service that is moving in to major markets, including Philadelphia, despite uncertainty over accordance with broadcast copyright law. "The key is not to make it a different product, but how do you make it simpler?"
BUSINESS
November 21, 2012 | By Maria Panaritis, Inquirer Columnist
When bankrupt Hostess Brands Inc. declared it would end its bakery business and potentially incinerate thousands of jobs with a liquidation move, I had the sense I had seen this movie already. Just two days before Friday's announcement, which set off Twinkie nostalgia while torching a nationwide strike by Hostess' unionized bakers, I had written a small blurb about another company that had faced precarious talks in Chapter 11 bankruptcy with its unions: The final three Super Fresh stores in the South Jersey suburbs of Philadelphia are being shut down by corporate parent Great Atlantic & Pacific Tea Co., according to the union representing 155 clerks who will lose their jobs.
BUSINESS
November 4, 2012
IN THE REGION VWR buys U.K. lab supplier VWR International L.L.C. , of Radnor, acquired Lab3 Ltd. , a scientific laboratory supplies distributor in Bristol, United Kingdom. Terms of the acquisition were not disclosed. It's the third acquisition for VWR in 2012, with previous purchases of a lab-supplies distributor in the Czech Republic and a German distributor of clean-room products. The privately held VWR had 2011 net sales of $4.1 billion. - Mike Armstrong   Layoffs by Acme parent Acme Markets owner Supervalu Inc. said it would lay off 700 people at its Shaw's and Star Market supermarkets across New England by Nov. 3 in a cost-cutting move coinciding with ongoing efforts to find a buyer for the debt-addled corporation.
BUSINESS
November 4, 2012 | By Maria Panaritis, Inquirer Staff Writer
Like many others with property held hostage on New Jersey's storm-ravaged barrier islands, Acme Markets operations honcho Dan Croce had to wait until Friday before gaining access to stores that had been inaccessible on Long Beach Island and in Sea Isle City. When he finally made his way to the supermarkets - with an escort, in the case of badly destroyed LBI - what Croce saw could be described only with a single word: Humbling . Both 20,000-square-foot Acmes had been sacked by floodwaters.
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