Delhaize acquires Victory Super Markets

March 1, 2005
The Belgium-based grocer Delhaize Group has acquired Victory Super Markets through its Hannaford supermarket chain subsidiary in the United States. This

The Belgium-based grocer Delhaize Group has acquired Victory Super Markets through its Hannaford supermarket chain subsidiary in the United States.

This transaction. which is set to close in fourth-quarter 2004, includes 19 supermarkets and is valued at $175 million. According to Delhaize, the purchase bolsters Hannaford's market presence in Massachusetts and New Hampshire.

Delhaize Group is the parent company of Salisbury NC-based Delhaize America, which serves as the holding company for the grocery chains Hannaford, Food Lion, and Kash n' Karry.

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