They are a strong leader in employment outcomes here in New York State.” “Over the past five years we have witnessed their interest in employing people with disabilities in multiple locations.
“We are proud to work with Price Chopper/Market 32,” John Robinson, Our Ability Alliance Executive Director stated. Price Chopper /Market 32 is a founding board member of the NYBLN. Our Ability Alliance runs the New York Business Leadership Network, identifying businesses across New York State interested in advancing employment opportunities for individuals with disabilities. Most importantly, we provided 25 individuals a new and relevant forum to pursue a career.” “The teams from Price Chopper/Market 32, ACCES-VR and Our Ability came together with a common purpose and truly delivered. “We are so happy and proud that our first “Hiring AdvantEdge” event was a success beyond measure,” said Mike Miller, Price Chopper/Market 32 Vice President for Human Resources. In attendance, there were 25 individuals with disabilities looking for employment from multiple disability advocacy organizations in New York State. During the day, there was an in-depth tour of Price Chopper’s Market Bistro in Latham New York. LLP are serving as legal advisers to Tops Markets.Price Chopper brought in leaders in human resources and talent acquisition to discuss resume writing, building interview skills, identifying proper job skills and navigating applications. is acting as exclusive financial adviser to Tops Markets. Harter Secrest & Emery LLP and Wilson Sonsini are serving as legal advisers to Price Chopper. PJ Solomon is acting as exclusive financial adviser to Price Chopper. Financial terms of the transaction were not disclosed. The transaction is expected to close in the coming months, subject to regulatory approval and customary closing conditions. “Our associates, who take pride in their work and recognize the importance of the role they play in taking care of customers and communities, will continue to be the backbone of our company." “Tops has always put serving customers and providing an exceptional shopping experience at the center of everything we do, and this merger is no different,” said Persons. “I can assure you that our commitment to sustaining and improving the communities in which we operate remains steadfast.” “I’ve seen tremendous change in our industry across my 65-year career and have long been an advocate for the promise of innovation and partnership, like that which has driven this merger forward,” said Neil Golub, Price Chopper/Market 32’s executive chairman. It emerged late that year and has since accelerated a store renewal program. Tops filed for bankruptcy protection in early 2018 largely to address debts exacerbated by high pension obligations that had interfered with its growth.
Tops is owned by executives who acquired it in a management buyout from Morgan Stanley Private Equity, which had bought it from Ahold. Sources said a potential deal for it to be acquired by Albertsons Cos. Price Chopper, long controlled by the Golub family, has long been exploring various financial strategies for some time, in part to support an ongoing effort to renew its Price Chopper supermarket brand with a more consumer-focused successor known as Market 32. “We look forward to working closely with the Price Chopper/Market 32 team and together becoming an even stronger competitor with more scale, as we continue serving our customers and communities.” “We have long believed that this merger makes sense both strategically and based on the similar ways in which we each put customers first, go to market and treat our people,” said Curci. Given the vital role that supermarkets and their workforces play in our communities, particularly this past year, I am excited to lead the parent company of these two historic grocery retailers.” “It leverages increased value for our customers advances shared opportunities for innovation fortifies the depth of our workforce, community and trade partnerships and ultimately accelerates our capacity to deliver a distinctively modern and convenient shopping experience. “This merger marks a major step forward and collectively elevates our ability to compete on every level,” said Grimmett. Tops will maintain offices in Williamsville, N.Y., near Buffalo, and will continue to be managed locally by its leaders.
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