Shares of Kroger Co KR moved higher Friday amid news that it would acquire seven Hiller's Markets stores in the metro Detroit area.
WXYZ in Detroit reported that Jayne Homco, president of Kroger’s Michigan division, stated “We are excited to welcome Hiller’s customers into our stores and introduce them to our great people. Hiller’s has a decades-long reputation of great customer service and outstanding selection of local and ethnic foods, and we look forward to continuing those traditions as we expand in this market.”
The company was also expected to hire additional employees after completing the acquisition.
Kroger Co closed at $70.13, Friday, up 1.77 percent.
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