Weis Markets Plans to Acquire Giant Markets

SUNBURY, Pa., May 21  /PRNewswire-FirstCall/ -- Weis Markets, Inc. (NYSE: WMK) today announced its plans to purchase the stores of Binghamton New York-based Giant Markets. It expects to complete the purchase in 90 days (August 21).

Weis Markets will purchase Giant Markets' Broome County stores located in Binghamton, Vestal, Endicott, Endwell and Johnson City.

"This acquisition is an excellent strategic fit for our company. Giant Markets is the market leader in Broome County where they have excellent locations, modern stores and a strong market presence," said Weis Markets' Vice Chairman Jonathan Weis. "For many years, they have been a significant part of the community and they've offered an excellent combination of quality, value and service.  We are pleased to be working with their associates and look forward to welcoming them to our organization."

Weis Markets is based in Sunbury, Pennsylvania.  It currently operates 154 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.  In 2008, it generated $2.4 billion in sales. 

DATASOURCE: Weis Markets, Inc.



CONTACT:  Dennis V. Curtin of Weis Markets, Inc., [phone],

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