June 27, 1998 |
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.
March 21, 2013 |
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.
March 25, 2010 |
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.
January 22, 1989 |
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.
January 21, 2011 |
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.
February 22, 1990 |
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.
April 12, 1991 |
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.
November 4, 1987 |
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.
March 2, 2009 |
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.