HANNIBAL, N.Y. — Tops Markets, LLC will acquire the Village Market IGA at 409 Fulton St. in Hannibal.
The store will open as a Tops Markets on Aug. 11, bringing Tops’ overall store count to 172, the company said in a news release issued Friday.
Tops expects the acquisition to close on Aug. 8, Andrew Brocato, Tops Markets director of community and public relations, said in an email response to BJNN. The financial terms of the acquisition agreement are “not available,” he added.
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Tops plans to offer the Hannibal store’s full and part-time workers continued employment with the company. The Hannibal location currently employs about 50 people.
Tops is planning “significant” renovations to the 23,000-square-foot Hannibal store. They include a “refreshed” interior décor, along with an “expanded” product selection.
Frank Curci, Tops’ chairman and CEO, contends that the new Hannibal store “fits in well” with the company’s “successful” overall growth strategy and “complements” its other stores in both Oswego County and in the Central New York region.
Headquartered in the Buffalo suburb of Williamsville, Tops Markets operates 171 supermarkets in upstate New York, northern Pennsylvania, western Vermont, and north central Massachusetts. Tops has more than 16,000 employees.
Contact Reinhardt at ereinhardt@cnybj.com
