Stop & Shop buys N.Y. supermarket pioneer
The parent company of Stop & Shop is acquiring Bethpage, N.Y.-based King Kullen, considered the pioneer supermarket operator with a history dating back to the Great Depression, with the companies not disclosing financial terms.
Stop & Shop is based in Quincy, Mass. as a subsidiary of Ahold Delhaize USA, and is the dominant supermarket chain in southwestern Connecticut. In King Kullen, Stop & Shop picks up 32 supermarkets on Long Island as well as five Wild by Nature stores.
Michael Cullen created King Kullen in 1930, after working for A&P in his teens and later Kroger, where he attempted to interest management in “monstrous stores” with a wide variety of products and plenty of parking, then moved to Queens, N.Y. to open one himself. The Smithsonian Institute has credited that store as the first supermarket in the United States.
Alex.Soule@scni.com; 203-842-2545; @casoulman