News Release
FOR IMMEDIATE RELEASE:
DATE:
 June 27, 2012
CONTACT: Katie McKenna
kmckenna@topsmarkets.com

   
TOPS FRIENDLY MARKETS EXPANDS IN ERIE COUNTY WITH PURCHASE OF NORTH BOSTON (N.Y.) MARKET PLACE
WILLIAMSVILLE, N.Y. – Tops Friendly Markets, a leading full-service grocery retailer in upstate New York and northern Pennsylvania, announced today that the company will add its 35th store in Erie County, NY by purchasing the North Boston Market Place, located on Boston State Road in North Boston, NY. Tops said it has entered a purchase agreement and will assume operation of the grocery story upon closing.

“North Boston Market Place has served the surrounding community for many years and we plan to continue the tradition of providing shoppers with an exceptional shopping experience,” said Frank Curci, Tops Markets president and CEO. “As a neighborhood store, customers will see increased variety, a commitment to health and wellness, and exceptional value and savings in an overall enhanced store setting.” In the coming months, Tops will invest in a major renovation at that location including new interior and exterior signage, a new storefront and updated décor. Tops has made similar capital improvements across its market area in the past three years. The closing is expected to take place on July 9, 2012. The store will close on that date and reopen on July 10, 2012 as Tops Markets.

Curci noted that the North Boston Market Place began originally under the ownership of Bob Marean as a Tops-sponsored B-Kwik 40 years ago. Bob’s son Mike Marean has been involved in the business for more than 30 years and together their focus has been on serving the local community.

The Marean family as represented by Bob and Mike Marean comments, “We would like to thank the North Boston community and our associates for 40 years of support, commitment and service. We are confident that Tops will be a good neighbor and will continue to serve the needs of this community for many years to come.”

There are approximately eight full-time and 22 part-time employees at the North Boston location, all of whom have the option of applying for continued employment with Tops Markets.

The purchase is subject to customary closing conditions. Specific terms of the agreement were not disclosed.

Tops Markets, LLC, is headquartered in Williamsville, NY and operates 133 full-service supermarkets – 127 company-owned and six franchise locations. With more than 14,000 associates, Tops is a leading full-service grocery retailer in upstate New York and northern Pennsylvania. For more information about Tops Markets, visit the company's website at www.topsmarkets.com.

 

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