From the Charlotte Observer:
The announcement came five months after Matthews-based Harris Teeter, which has 212 grocery stores, hired J.P. Morgan to help the company explore sales options. Two private equity firms had expressed an interest in Harris Teeter, the grocer said at the time.
Kroger, based in Cincinnati, said Harris Teeter will maintain its headquarters in Matthews. However, the company also said it expects to generate $40 million to $50 million worth of annual savings by combining the two companies.
…
The sale gives Kroger a larger footprint in the Southeast, as well as adding to its already formidable bulk. The combined company will operate 2,631 supermarkets and employ 368,300 workers in 34 states.Read more here.
Before you comment
The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.