Acme Grocery Chain Sold
The brand has a strong presence in Lower Merion, but its future is uncertain.
Acme Markets, which operates three grocery stores in Lower Merion, is among several chains the Supervalu company has sold to investment consortium Cerberus Capital Management, Supervalu announced Thursday.
There was no announcement from Supervalu or Cerberus about how the sale will affect the future of the grocery stores.
Acme has a store in Bala Cynwyd (where a shopper won $1 million last year) and one in Penn Valley, as well as a Bryn Mawr store that reopened last year after renovations.
The Philadelphia Inquirer reported in July that moves by Supervalu executives seemed to indicate they were looking for buyers for Acme and their other grocery "banners".
Are you concerned about the fate of Acme Markets? Tell us in the comments section below.
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ACME
600 W Lancaster Ave, Bryn Mawr, PA -
Acme
121 E City Ave, Bala Cynwyd, PA (in the Bala Cynwyd shopping center) -
Acme Markets
829 Montgomery Ave, Penn Valley, PA
Brian A.
8:22 am on Friday, January 11, 2013
Since Supervalu pulled out, I wonder whose generics / store brand Acme will carry now? I rather liked Supervalu's stuff (especially their Everyday Essentials items).
I really like the Acmes in Bryn Mawr and Bala (the one in Narberth is a little small), I hope they carry on and continue to thrive in this new business arrangement.
Edward Tobin
10:29 am on Friday, January 11, 2013
Heard on the news last night that they plan to carry the Supervalu line in their stores...good news. I agree that they are one of the best store brands around. The new Bryn Mawr Acme is great and seems to be doing quite well.
Mildred Roberts
1:14 pm on Friday, January 11, 2013
Five will get you ten, GIANT will buy Bala Cynwyd. The others, who knows?
Bill Collins
4:08 pm on Monday, January 14, 2013
Mildred, Don't rule-out ShopRite. My brother Larry owns several.
Josh
5:00 pm on Friday, January 11, 2013
Rite Aid also uses many of the same factories as SVU....
Douglas Martindale
7:57 am on Saturday, January 12, 2013
Here's the press release from Cerebus.
http://www.cerberuscapital.com/news/supervalu_announces_definitive_agreement_for_sale_banners_to_cerberus-led_invinvestor_group
They lost big time on an investment in Chrysler as well and they own one of the largest gun an ammo companies in the U.S. Just an FYI on a a Saturday morn!
Dick Wexelblat
9:09 pm on Sunday, January 13, 2013
My wife says, "The Narberth store is my favorite. It's down-home local, has the nicest, friendliest staff of any market I've ever been to (and that's saying a lot, as there have been many, both here and in other states). We share little jokes, they're all very, very helpful, have enough of the things I use. What more could we want?"
Jeff Metzler
2:40 pm on Monday, January 14, 2013
As a food reporter, i must tell you that Weis wants Narberth and Bryn Mawr with its wealthy clientele who demand Kosher supervision. The Cerberus investors will make at laeast five-times their investment by selling off all the Acme realestate. Acme will be history just like Genuard's!!!
Dick Wexelblat
4:12 pm on Monday, January 14, 2013
Weis's markets are pretty good. I hope they hire the existing staff.
Jeff Metzler
2:51 pm on Monday, January 14, 2013
Acme is history, just like genuardi's and superfresh
Wendell Young V
4:18 pm on Tuesday, January 15, 2013
ShopRite is cheap and employes unionized folks of all colors. Weis is non-union and hates XXXXX.
Dick Wexelblat
3:09 am on Wednesday, January 16, 2013
Hmm. If it's Weis and Acme is union, that's it for the current employees
Former Acme shopper
3:23 pm on Wednesday, January 16, 2013
You got it baby!!!
Piaffe
5:50 pm on Tuesday, March 19, 2013
I order my food online through Peapod, which is Giant, after Acme stopped delivering. Do not like Giant's food selection but need most of my food delivered. Stopped going to Acme even when they reopened because they only had self checkout for 15 items or less. I see that they have added a 15 items or less aisle and so I plan to pick up smaller items once again from Acme. But now they are sold! Here we go again.