Kroger announces a $1.65B deal to acquire Giant Eagle, expanding its footprint in the Mid-Atlantic and Midwest. Giant Eagle, founded in Pittsburgh in 1918, operates stores across PA, OH, WV, IN, and MD.
Kroger has reached an agreement to acquire Giant Eagle. The board has approved the transaction, which is expected to close in 2027 after regulatory clearance. The deal includes cash and liabilities, with divestitures anticipated to satisfy regulators. Kroger plans to leverage Giant Eagle’s strength in fresh products and loyalty as it expands into adjacent markets.