The company plans to add 31 stores over three years to the eight New York Marts already in operation

The company plans to add 31 stores over three years to the eight New York Marts already in operation.

Deal to accelerate expansion of Chinese supermarket

The acquirer of a family-run chain of Chinese supermarkets intends to become a major consolidator of food stores serving fast-growing Chinese-American populations in the U.S.

E-Compass Acquisition Corp. announced intentions to merge with NYM Holdings, the Long Island City, N.Y.-based operator of eight supermarkets doing business under the New York Mart banner, in July. This week, E-Compass filed to register stock to pay for the $125 million deal, and said the combined companies, to

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