Tops acquires Quality Market store in Lakewood

Tops Friendly Markets recently acquired a majority of Penn Traffics assets, the Quality Markets store located at 279 E. Fairmount Ave. The purchase price was undisclosed. Among several criteria used in the evaluation process have been economic viability, current store condition, and the ability for the store to successfully compete in the marketplace. Management and UFCW Local One will be working together to address issues including re-employment. In January, Tops Markets completed the bankruptcy court-approved acquisition of a majority of Penn Traffic's assets, including 79 supermarkets over a four-state area. Tops continues to evaluate all stores in seeking the best possible outcome for the remaining locations. An FTC review of all locations is also pending. Tops Markets, LLC, is headquartered in Williamsville and operates 76 full-service supermarkets - 71 company-owned and five franchise locations.