TOPS AGREES TO BUY 21 SUPERMARKETS IN NEW YORK, VERMONT

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BUFFALO, N.Y. — Tops Friendly Markets has agreed to buy 21 supermarkets in New York and Vermont from GU Markets, an affiliate of C&S Wholesale Grocers. The sale includes 20 Grand Union stores and one Bryant's supermarket. The stores will continue to operate under their current names and will retain the existing 600 employees. Terms of the deal were not disclosed. The sale is expected to close by this fall. Tops Friendly Markets is based in Buffalo, and the acquisition brings the number of stores operated by the company to 153.

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