On Monday I referenced a Food Trade News story that said the Newtown, PA Genuardi's will be acquired by an independent operator rather than by Giant, as previously planned. Yesterday it was announced that the independent operator is actually McCaffrey's Market, which operates stores in nearby Lower Makefield, PA as well as East Windsor and Princeton, NJ.
Giant, which announced in January that it was planning to acquire 16 Genuardi's stores, was forced to give up the Newtown location by the Federal Trade Commission, due to its nearby store in Middletown Township.
According to McCaffrey's, the store will retain Genuardi's 103 employees and hire an additional 40-50 workers. In addition, the store will be remodeled over a four-to-five month period to transform it into a typical McCaffrey's market.