Court OKs bankruptcy financing for A&P

The company has said that it will close four Pathmark stores in Central Jersey, including stores on Route 1 in Edison, Stiles Road in Linden, Race Track Road in East Brunswick and Route 9 in Old Bridge.

A subsidiary of AB Acquisition, LLC (Albertsons Companies), ACME Markets, with headquarters in Malvern, Pennsylvania, has dedicated itself to improving customer experience and store performance across the region. Acme operates stores in Pennsylvania, Delaware, Maryland and New Jersey. The company, which was founded in 1891, once had several more locations in Morris County, including Parsippany, but most were closed over the years by previous ownership.

NEW YORK (AP) — Grocery store operator A&P is filing for Chapter 11 bankruptcy with plans to sell off stores as it faces increasingly tough competition.

A&P released a list of all the stores involved in sales negotiations, including deals with Acme, Stop & Shop and Key Food.

All of those markets face increasing future competition from growing grocery and food chains including Wegmans.

“We are pleased that the Court has granted these motions promptly, which allows us to continue operating in ordinary course during this process – continuing to pay employees, work with suppliers and serve customers”, said Paul Hertz, president and CEO of Montvale, N.J.-based A&P, in a statement.

The 156-year-old company filed documents for Chapter 11 bankruptcy protection late Sunday night with the United States bankruptcy court for the Southern District of New York, NorthJersey.com reported.

A&P has 300 supermarkets, beer, wine and liquor stores, 28,500 employees and a storied history that includes the nation’s first supermarket – a 28,125-square-foot store in Braddock, Pa. that opened in 1936.