PATHMARK COMMITS TO RAISE CAP-EX SPENDING

CARTERET, N.J. -- Pathmark Stores here said last week it has signed an agreement to acquire six Grand Union units and is committed to allocating close to 3% of sales each year to capital projects.Frank Vitrano, executive vice president, treasurer and chief financial officer, said Pathmark signed a letter of intent with C&S Wholesale Grocers, Brattleboro, Vt., to acquire six former Grand Union stores.

CARTERET, N.J. -- Pathmark Stores here said last week it has signed an agreement to acquire six Grand Union units and is committed to allocating close to 3% of sales each year to capital projects.

Frank Vitrano, executive vice president, treasurer and chief financial officer, said Pathmark signed a letter of intent with C&S Wholesale Grocers, Brattleboro, Vt., to acquire six former Grand Union stores. The transaction is expected to close in the first quarter of 2001.

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