Wakefern Food Corp. has entered into an agreement to purchase the 17 Morton Williams stores in the New York metro area. The acquisition combines the grocery expertise of Wakefern, a family-owned cooperative, and the Morton Williams family, which has owned and operated their stores for three generations.
New Jersey-based Wakefern will retain the Morton Williams name. A wholly owned subsidiary of Wakefern will operate the Morton Williams stores, with special emphasis on fresh prepared foods, produce and Wakefern’s private label brands. The Food Partners (TFP), headquartered in Washington D.C., served as financial and strategic advisor to Wakefern during the transaction.
“We are very excited to welcome Morton Williams to our Wakefern family of supermarket banners. 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,” said Wakefern President Mike Stigers. “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.”…