KEASBY, N.J. — Wakefern Food Corp. has entered into a definitive agreement to acquire Morton Williams Supermarkets, a family-owned grocery chain with 17 locations across the New York City metropolitan area. The acquisition marks a significant expansion move for the retailer-owned cooperative, strengthening its footprint in one of the country’s most competitive grocery markets.
The deal includes all 17 Morton Williams locations, of which 15 are in Manhattan, one in the Bronx, and one in Jersey City, N.J. Wakefern plans to retain the Morton Williams banner and operate the stores through a wholly owned subsidiary. The new ownership will emphasize fresh prepared foods, produce, and Wakefern’s private label offerings.
Founded in 1952, the chain gained recognition for its upscale urban stores, which featured in-store kitchens and chef-prepared meals tailored to New Yorkers’ fast-paced lifestyles.
“We are very excited to welcome Morton Williams to our Wakefern family of supermarket banners,” said Wakefern President Mike Stigers. “This acquisition is an incredible opportunity to continue the legacy of a storied New York City grocer while building on the business and adding even more product offerings, value and quality for shoppers. Wakefern is committed to honoring the traditions of Morton Williams by bringing high-quality fresh foods and groceries to residents of one of the greatest cities in the world.”
Kevin McDonnell, president of PRRC Inc., a Wakefern subsidiary that operates the Price Rite Marketplace banner, will oversee Morton Williams operations. “The buying power of the cooperative, which has more than 360 stores in nine states, and the legacy of Morton Williams service is a winning combination,” he said.
Wakefern’s Chairman Sean McMenamin framed the acquisition as part of the co-op’s long-term growth strategy. “We are positioning Wakefern for sustainable, lasting growth that will impact future generations of our membership,” he said.
Financial details of the transaction were not disclosed. The Food Partners, based in Washington, D.C., acted as Wakefern’s strategic and financial advisor.
