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A&P Canada

From Wikipedia, the free encyclopedia
A&P Canada Company
Company typeSubsidiary
IndustrySupermarket
Founded1927
DefunctDecember 2009
FateAbsorbed into Metro Inc.
HeadquartersToronto, Ontario, Canada
ProductsMaster Choice products; Dairy, frozen foods, grocery, general merchandise (non-food), meat/deli, pharmacy, produce, snacks
ParentThe Great Atlantic & Pacific Tea Company (1927–2005)
Metro Inc. (2005–2009)
Websitewww.metro.ca

A&P Canada Company was a Canadian supermarket company that operated from 1927 until 2009, when its stores were rebranded under the Metro name by Metro Inc.

History

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A & P supermarket, Snowdon, Montreal, Quebec, 1941
View of a typical A&P store prior to Metro conversion, Belleville, Ontario, July 2007

In 1927, A&P opened its first stores in Canada. By 1929, A&P was present in 200 communities in Ontario and Quebec.[1]

A&P Canada left the Quebec market in 1984, and in 1985 acquired Dominion Stores in Ontario. It acquired Steinberg's Ontario grocery store chains Miracle Food Mart and Ultra Food&Drug in 1990 when the company divested them under new management (Miracle Mart rebranded by 1994 and Ultra by 2008).[1]

In 1999, it acquired the Barn Markets, based in Hamilton, Ontario, and opened its first discount grocery store, Food Basics.

In 2005, A&P Canada Co. operated 135 stores under the banners of: A&P, Dominion and Ultra Food & Drug, in addition to The Barn Markets and Food Basics. It employed over 34,000 employees in Ontario.[1]

On July 19, 2005, Metro Inc. announced that it had reached an agreement with The Great Atlantic & Pacific Tea Company, Inc. and its subsidiary, A&P Luxembourg S.à.r.l., to acquire all of the issued and outstanding common shares of A&P Canada, for an acquisition price of $1.7 billion, consisting of $1.2 billion in cash and $500 million in the form of treasury shares of Metro. The sale was completed on August 15, 2005.

On August 7, 2008, Metro announced it would invest $200 million consolidating the company's conventional food stores under the Metro banner. Over a period of 15 months, all Dominion, A&P, Loeb, The Barn and Ultra banners were converted to the Metro name. Food Basics stores were not directly affected because they compete in the discount food segment,[2] but did see A&P's Master Choice store brand replaced with Metro's Selection and Irresistibles brands.

See also

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Notes

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References

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