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Ahold acquires Pathmark

Published on .

Royal Ahold, the Netherlands-based supermarket chain, shored up its presence in the core East Coast supermarket arena with the $1.7 billion purchase of Pathmark, a Carteret, N.J., chain with 12% of the tri-state market. The purchase of $3.7 billion Pathmark, with 132 stores in New York, New Jersey and Pennsylvania, adds to Ahold's already substantial East Coast holdings. Ahold has $30 billion in worldwide sales.

Copyright March 1999, Crain Communications Inc.

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