[New York, NY ] – Wakefern Food Corp. announced it has reached an agreement to acquire Morton Williams stores in the New York metropolitan area.
The retail cooperative will retain the Morton Williams, which will be operated by a wholly owned company of Wakefern17 stores:
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15 in Manhattan
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1 in the Bronx
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1 in Jersey City
The operation will be led by Kevin McDonnell, president of PRRC, Inc., Wakefern’s wholly owned subsidiary that currently operates stores under the Price Rite Market banner.
«The buying power of our cooperative, with more than 360 stores in nine states, combined with Morton Williams’ legacy of service, is a sales success,» said McDonnell.
Una marca con Hi
Morton Williams is a family-owned business founded in 1952 by brothers Joe and Irving Sloan. Later, Joe’s sons, Morton and William, expanded the business into New York City supermarkets. During the 1970s, the company adopted the Morton Williams name, introducing in-store kitchens, chefs, and a focus on fresh, prepared foods for customers on the go.
Wakefern’s Growth Strategy
«This acquisition is part of our aggressive growth strategy to expand both our market share and wholesale distribution,» said Sean McMenamin, president of Wakefern. «Our leadership team and board of directors have a transformative vision for the cooperative. We are positioning ourselves for sustainable, long-term growth.»
With this acquisition, Wakefern now operates a network of more than 360 stores across nine states.
