|
|
Article: Morgan Stanley Private Equity Completes $310 Million Acquisition of Tops Markets, Names Frank Curci CEO.
- Article from:
- Business Wire
- Article date:
- December 3, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Morgan Stanley Private Equity announced today that it has completed the previously announced acquisition of Tops Markets, LLC (Tops) for $310 million. Frank Curci was named Tops' Chief Executive Officer, effective immediately.
Morgan Stanley Private Equity will continue to operate Tops as an ongoing grocery store chain. All 10,000 store associates, field staff and Williamsville, New York-based corporate office staff will be retained. It is expected that approximately 100 merchandising, information technology and finance-related functions will be created in the Buffalo area as a result of the acquisition. Tops operates under the banners of Tops Markets ...