On February 10, 2021

Price Chopper and Tops to merge

Price Chopper/Market 32 and Tops Markets announced on Feb. 8 they have entered into a definitive merger agreement that creates an alliance between the two storied independent grocery chains, as it nearly doubles their collective footprint in the Northeast.

This transaction unites two New York-based grocery chains with deep ties to local communities and shared commitments to service, savings, and convenience, according to a news release. With increased scale across their almost perfectly contiguous footprints, the merged companies are expected to be better positioned to compete and offer more value and services to their customers across the Northeast.

Scott Grimmett, Price Chopper/Market 32’s president and CEO, will be CEO of and serve on the board of directors of the new parent company, which will oversee the operations of nearly 300 Price Chopper, Market 32, Market Bistro and Tops Markets stores, which collectively employ more than 30,000 people.

The new parent company will be headquartered in Schenectady, New York. The Price Chopper/Market 32 and Tops Markets businesses will retain main offices in Schenectady and Williamsville and will continue to be managed locally by their respective leaders.

“This merger marks a major step forward and collectively elevates our ability to compete on every level,” said Grimmett. “It leverages increased value for our customers; advances shared opportunities for innovation; fortifies the depth of our workforce, community and trade partnerships; and ultimately accelerates our capacity to deliver a distinctively modern and convenient shopping experience. Given the vital role that supermarkets and their workforces play in our communities, particularly this past year, I am excited to lead the parent company of these two historic grocery retailers.”

Frank Curci, Tops Markets chairman and CEO, agreed.

“We have long believed that this merger makes sense both strategically and based on the similar ways in which we each put customers first, go to market and treat our people,” said Curci. “We look forward to working closely with the Price Chopper/Market 32 team and together becoming an even stronger competitor with more scale, as we continue serving our customers and communities.”

With formative roots dating back to the 1920s, both Tops Markets and Price Chopper/Market 32 have grown exponentially over the last century, building and acquiring stores across upstate New York and throughout the Northeast.

The transaction is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Financial terms of the transaction were not disclosed.

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Superstar Six-Pack construction hits new phase as helicopters fly in concrete

July 3, 2025
KILLINGTON — Construction of the new Superstar six-pack chairlift has reached an exciting phase this summer, with helicopters now flying in concrete for the tower and terminal footings. On Wednesday, July 1, a helicopter was seen flying to Killington Resort with a payload of concrete. Killington Resort is replacing its iconic Superstar Express quad with…

Local road construction plans for 4th of July week

July 2, 2025
The following is a weekly report that lists its planned construction activities that will affect traffic on state highways and interstates throughout Vermont for the week of June 30. Most construction projects will pause work for the 4th of July `Local roads in Rutland and Windsor County, include:     I-89 Royalton Construction continues Monday through…

Ribbon cuttings in Ludlow and Proctorsville highlight local business growth

July 2, 2025
A pair of ribbon cuttings on June 20 held by the Okemo Valley Regional Chamber of Commerce (OVRCC) marked a day of celebration for two local businesses and offered a boost of momentum to the region’s small business economy. In Ludlow, Aubuchon ACE Hardware unveiled its newly renovated store on Main Street with a grand…

Cirque Series celebrates successful Killington debut

July 2, 2025
By Polly Mikula The Cirque Series broke trail in New England with two new races. On June 7, runners raced up Cannon Mountain in Franconia, New Hampshire and this past Saturday, June 28, they tackled “The Beast of the East,” Killington Mountain. Cirque is also adding Crystal Mountain, Washington, to its national lineup of eight…