Roundy's Acquires 11 Dominick's Stores from Safeway for $36M in Cash

Roundy's

today announced the company has signed a definitive agreement to acquire 11 Dominick's stores from Safeway

in a $36 million cash and lease assumption transaction. The stores will be converted to the Mariano's banner, Roundy's growth banner, in the Chicago metropolitan area. “This acquisition is transformational in terms of Mariano's expansion plans in the Chicago metropolitan area, allowing us to open 11 additional stores in 2014 in prime locations with great market demographics,” said Robert Mariano, chairman, president and chief executive officer of Roundy's. “These key locations will seamlessly integrate into and complement our existing base of 13 Mariano's locations as