QUINCY, Mass. -- Stop & Shop Cos. here last week entered into a definitive agreement to purchase Melmarkets/Foodtown, Garden City, N.Y., for $87 million.
Stop & Shop has also agreed to assume an unspecified amount of Melmarkets' long-term debt. The deal is expected to close later this year.
Melmarkets, which operates 17 stores in Nassau and Suffolk counties, recorded sales of $386 million last year. The chain is a member of the Edison, N.J.-based Twin County Grocers wh