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On July 1, Cincinnati-based Kroger announced that it has acquired Giant Eagle for $1.65 billion in a transaction that Kroger calls a strong strategic fit. In a statement, Greg Foran, CEO at Kroger, says Giant Eagle is a well run, high-quality regional grocer with a strong reputation, and that the retailers portfolio provides a strong foundation for growth. He adds that the purchase will expand Krogers reach into adjacent markets, allowing [Kroger] to do what we do best: Run outstanding stores, deliver fresh foods and convenient meal solutions at affordable prices and take care of our customers and associates every single day. As for Giant Eagle, their officials say customers shouldnt worry
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