Kroger to Acquire Giant Eagle in $1.65 Billion Deal
Kroger will purchase Giant Eagle's 197 supermarkets and 11 pharmacies for $1.65 billion, with the transaction expected to close in 2027 pending regulatory approval.
Kroger announced a $1.65 billion agreement to buy Pittsburgh-based Giant Eagle, adding 197 supermarkets and 11 standalone pharmacies in Ohio, Pennsylvania, West Virginia, Maryland and Indiana to its portfolio. The purchase includes $1.25 billion in cash and the assumption of about $400 million of Giant Eagle debt, and is slated to close in 2027 subject to regulatory clearance.
"Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty," Kroger CEO Greg Foran said in a news release.
"Together with Kroger, we will be well-positioned to advance our strategy and deliver better quality and service, better everyday value, and a better shopping experience for our customers, while providing greater growth opportunities for our dedicated Team Members," Giant Eagle CEO Bill Artman added.
The companies indicated that limited store divestitures may be required to satisfy antitrust concerns, though specific locations have not been identified. The deal follows Kroger's earlier, unsuccessful attempt to merge with Albertsons, which was blocked by federal and state judges in 2024. Giant Eagle, founded in 1931 and still family-owned, operates more than 200 stores and employs roughly 17,400 workers in Ohio.
