Kroger Buys Harris Teeter
– July 9, 2013 11:24 am
Kroger will buy grocery chain Harris Teeter, allowing the Cincinnati-based grocery store chain to enter the Washington, D.C. area market.
Of the 212 stores Kroger will pick up as part of the newly announced $2.5 billion deal, three stores are in Prince William County and one is in Manassas.
As part of the deal, Kroger will buy out all remaining stock in Harris Teeter for $49.38 per share.
In addition to our area, Kroger will also enter markets in in Maryland and Washington, D.C. The grocer already has locations in Richmond and Roanoke in Virginia.
Harris Teeter will continue to operate its stores as a subsidiary of the Kroger company following the financial closure of the sale, according to a press release.
Harris Teeter has locations at Prince William Parkway at Hoadly Road in Woodbridge, Prince William Parkway and Hasting Drive in Manassas, at Vint Hill Drive in Bristow, and just of U.S. 15 in Gainesville.