Pathmark

About Pathmark

Pathmark is a supermarket chain headquartered in Montvale, New Jersey, founded in 1968 when its parent, Supermarkets General (now known by the store name), pulled out of the ShopRite retailers' cooperative. Pathmark was acquired by Montvale, New Jersey-based The Great Atlantic and Pacific Tea Company, after the acquisition was approved on December 3, 2007.

As of January 2008, A&P operates 141 stores within the Pathmark banner in Delaware, New Jersey, New York, and Pennsylvania. Prior to the sale to A&P, Supermarket News ranked Pathmark No. 31 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $4.1 billion. Based on 2005 revenue, Pathmark is the sixty-seventh largest retailer in the United States.

A&P revealed on February 27, 2007, that it was in talks to acquire Pathmark for $653 million.; the price of the chain went up over the next few days, and A&P announced on March 5th that it will buy Pathmark, for $1.3 billion which will be subject to certain approvals such as shareholder, state and federal anti-trust.