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Kroger acquiring Giant Eagle in $1.65B deal
July 8, 2026
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ClaudeKroger Co. is acquiring Giant Eagle, a family-owned food and pharmacy retailer, for a purchase price of $1.65 billion.
Giant Eagle has approximately $9 billion in annual sales and 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana, according to a press release.
The purchase is comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities.
"Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty," Greg Foran, Kroger CEO, said in the release. "We evaluated the opportunity carefully, and the strategic fit is clear. Giant Eagle expands our reach into attractive adjacent markets, allowing us to do what we do best: Run outstanding stores, deliver fresh foods and convenient meal solutions at affordable prices, and take care of our customers and associates every single day."
The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.
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