It looks like the Cooperstown area, which hosts both a Price Chopper and a Tops Friendly Market, will be an oddity with the merger of the two supermarket companies that was announced Monday, Feb. 9.
The two companies have “a footprint that’s almost perfectly contiguous,” with minimal overlap, Price Chopper/Market 32 President/CEO Scott Grimmett told the Albany Times Union.
With Price Chopper at Chestnut and Walnut in the village, and Tops 3.8 miles away in Cooperstown Commons, that wouldn’t be the case in Baseball Town, particularly since the corporate merger appears to end all competition in Otsego County north of Greater Oneonta, where the Price Chopper in Emmons competes with Hannaford, Aldi’s, BJ’s and Walmart.
“Right now, there are no plans to close any stores,” said Jonathan Pierce of Pierce Communications, Albany, which is handling press queries.
The only other supermarket in Northern Otsego is in Richfield Springs, also a Price Chopper.
Pierce said the merger is being examined by the Federal Trade Commission to assess its impact on the competitive picture.
The littlest team, Coach Matt Hazzard’s Price Chopper, got a big job this morning, carrying the lead banner in the Little League Parade into the CYB Field in Hartwick hamlet. It took a little while to get the hang of it, but the players then successful led their fellow athletes into the season. From right are Lily Vilacky, brothers Connor and Landon Van Buren, Paxton Hazzard, Graham Schiellack, Joe Conti and Carter Coleman. At the field, players sang the National Anthem and former coach Dave Pearlman, left, threw in the first pitch. (Jim Kevlin/AllOTSEGO.com)
Supermarket chain Albertsons Companies is in advanced talks to acquire closely held grocery-store operator Price Chopper for around $1 billion, people familiar with the matter told Forbes magazine, which first reported it last Tuesday.
The magazine estimated the transaction could be worth $1 billion, although it quoted sources cautioning negotiations may be unable ro reach a deal.