Ahold Delhaize Starts Its Fist Business Da as a Merged Entity
On Monday, Massachusetts Attorney General Maura Healey announced that an antitrust settlement has been reached and it's a go ahead by the authorities, to allow merger of the Dutch supermarket chain Ahold and Belgium's Delhaize. Ahold is the parent of Stop & Shop and Delhaize is parent to Food Lion and Hannaford supermarkets.
However, completing the deal requires selling off 81 stores by the companies nationwide. That includes 8 Hannaford stores, which Big Y Foods based in Springfield is buying; the company announced earlier in July. The Hannaford stores which Big Y is buying include Kingston, Norwell, Milford, Quincy, Saugus, Easton and Norwood. Big Y announced earlier that it plans to keep as many Hannaford employees as possible. When the deal is completed in September, those stores will be shut for a while and reopen under Big Y banner.
Ahold U.S.A. Inc., headquartered in Quincy operates 130 or more, Stop & Shop stores in Massachusetts. Delhaize, on the other hand operates twenty or more Hannaford stores in Massachusetts. The company's principal U.S. subsidiary, Delhaize America is based in North Carolina.
It was in June 2015 when Ahold and Delhaize first announced their $60.6 billion merger plan. On Monday, which was its first business day as a merged entity, Ahold Delhaize announced its bright green new logo and iconography which combines the crown and the lion.
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