SAFEWAY, EXPANDING IN EAST, BUYS GENUARDI'S

PLEASANTON, Calif. -- Safeway here moved to expand its operations on the East Coast last week with its announcement of a definitive agreement to acquire Genuardi's Family Markets, Norristown, Pa.The acquisition of the 39-store chain will add approximately $900 million to Safeway's volume -- boosting sales this year to approximately $33 billion on a pro forma basis -- and extend its Eastern operations

PLEASANTON, Calif. -- Safeway here moved to expand its operations on the East Coast last week with its announcement of a definitive agreement to acquire Genuardi's Family Markets, Norristown, Pa.

The acquisition of the 39-store chain will add approximately $900 million to Safeway's volume -- boosting sales this year to approximately $33 billion on a pro forma basis -- and extend its Eastern operations from Maryland and Washington northward to Pennsylvania, Delaware and New Jersey.

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