Wakefern Food Corp Adds Nicholas Markets to Its Cooperative

Wed. October 30th, 2019
- by Lilian Diep     


KEASBEY, NJ - Something about the word “acquisition” makes our ears perk up over here at ANUK. That’s why we’re eager to get the news out about Wakefern Food Corp.’s most recent move. The company reeled in New Jersey-based Nicholas Markets, owned by the Maniaci Family, making it the 51st family to join Wakefern’s cooperative.

Joeseph S. Colalillo, Chairman and CEO, Wakefern Food Corp.“We are excited to welcome another member into our Wakefern family,” stated Joseph Colalillo, Chairman and CEO. “Nicholas Markets is a strong addition to our cooperative. David and his associates are deeply committed to serving their communities and providing exceptional quality and fresh prepared foods to their customers.”

According to a press release, Nicholas Markets operates four stores in North Haledon, Cedar Grove, Colonia, and the Township of Washington, NJ, under the Foodtown banner. After the deal is finalized, the stores will be rebranded as The Fresh Grocer, a Wakefern trademark. Currently there are nine The Fresh Grocer stores, with eight stores located in the greater Philadelphia area and one in Wilmington, Deleware.

Joe Sheridan, President and COO, Wakefern Food Corp.“Adding Nicholas Markets stores to The Fresh Grocer banner strengthens Wakefern’s competitive position in northern New Jersey,” said Joe Sheridan, Wakefern President and COO. “Membership in our cooperative allows independent operators to maintain their entrepreneurial spirit while benefiting from the scale and services Wakefern offers. We look forward to welcoming the Maniaci family to Wakefern.”

The Maniaci family has been part of the Allegiance Retail Services, LLC cooperative, operating Nicholas Markets as Foodtown. You could say it’s a family affair, as Nicholas Markets was founded in 1943 by Rocco and Nicholas Maniaci, grandfather and father of David Maniaci, who is the current President and CEO.

Wakefern Food Corp acquired New Jersey-based Nicholas Markets, owned by the Maniaci Family, making it the 51st family to join Wakefern’s cooperative

“The competitive landscape in New Jersey has grown fierce in recent years,” said Maniaci. “I believe Wakefern’s deep roots in the state will help me navigate this and other challenges facing the supermarket industry. I leave the Foodtown cooperative at a time when it is strong and thriving. It has seen significant growth to its membership base and store count over the past decade.”

Will Wakefern be nabbing more acquisitions? For more on industry updates, stay plugged into AndNowUKnow.

Wakefern Food Corp.

 
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