Kroger Pays $1.65 Billion for Grocery Chain Giant Eagle

Kroger is set to acquire Pennsylvania-based grocery chain Giant Eagle for $1.65 billion. The deal, announced Wednesday (July 1), expands Kroger’s footprint in the western part of Giant Eagle’s home state as well as in Indiana, Maryland, Ohio and West Virginia. “Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,” Kroger CEO Greg Foran said in a news release.