AHOLD SET TO ACQUIRE RED FOOD

CHATTANOOGA, Tenn. -- Ahold moved last week to expand its U.S. operations with the acquisition of Red Food Stores here.Ahold, based in Zaandam, Netherlands, said it intends to acquire the 55-store supermarket chain from Promodes, a French company, for an undisclosed amount. Promodes acquired Red Food in 1980 and operated the chain through its holding company, Pramer.Red Food is the dominant food retailer

CHATTANOOGA, Tenn. -- Ahold moved last week to expand its U.S. operations with the acquisition of Red Food Stores here.

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