Giant Eagle Supermarket Chain Sold In Massive Transaction

PITTSBURGH, PA — Giant Eagle, one of Pittsburgh's largest grocery chains and pharmacy locations, has been sold in a massive transaction.

Giant Eagle, a family owned grocery conglomerates with nearly 200 locations in Western Pennsylvania, northern Ohio, West Virginia, Maryland and and Indiana, has been purchased by Kroger for $1.65 billion.

The announcement was made Wednesday in a joint statement by the two chains.

"Today's announcement marks an exciting next chapter for our team members, customers, vendors and community partners," said Bill Artman, Giant Eagle CEO.

"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."

Said Kroger CEO Greg Foran: "Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty."

"We evaluated the opportunity carefully, and the strategic fit is clear. Giant Eagle expands our reach into attractive adjacent markets, allowing us 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."

The statement did not offer details on whether the Giant Eagle name will be retained.

But the companies plan to build on Giant Eagle's long history of community engagement by bringing Kroger's Zero Hunger | Zero Waste impact plan to new communities.

Not all Giant Eagle locations will survive this change. According to the news release Giant Eagle and Kroger expect to make "limited Giant Eagle store divestitures."

The transaction is expected to close in 2027.