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Kroger to buy Pittsburgh-based Giant Eagle grocery store chain
90.5 WESA • • business
Key Points:
- Kroger announced it will acquire Giant Eagle for $1.65 billion, ending nearly 100 years of local ownership of the Cranberry-based grocery and pharmacy chain.
- Giant Eagle operates 197 supermarkets and 11 pharmacies across Western Pennsylvania, northern Ohio, West Virginia, Maryland, and Indiana, with annual sales around $9 billion.
- Kroger CEO Greg Foran highlighted Giant Eagle's strong regional presence, loyalty program, pharmacy business, and private label products as strategic assets that align with Kroger’s growth plans.
- The acquisition, expected to close in 2027 pending regulatory approval, will keep Giant Eagle stores under their existing name with no anticipated store closures or frontline job losses.
- Giant Eagle has been a dominant grocer in Western Pennsylvania since its founding in 1931, with historical ties to Kroger dating back to the early 20th century.
