Kroger to Buy Grocer Giant Eagle in $1.65 Billion Deal

U.S. grocer Kroger said on Wednesday it would buy regional supermarket chain Giant Eagle in a $1.65 billion deal, strengthening its presence in the Mid-Atlantic and Midwest region amid intensifying competition.

The transaction, the first under CEO Greg Foran, is also the company's first major acquisition since its $25 billion merger with Albertsons fell apart in 2024.

Family-owned Giant Eagle generates about $9 billion in annual sales and operates around 197 ​supermarkets and 11 standalone pharmacies across northern Ohio, Indiana, Maryland, western Pennsylvania and West ⁠Virginia.

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