A&P Canada
| Industry | Supermarket |
|---|---|
| Fate | Renamed Metro |
| Founded | 1927 |
| Defunct | December 2009 |
| Headquarters | Toronto, Ontario, Canada |
| Products | Master Choice products; Dairy, frozen foods, grocery, general merchandise (non-food), meat/deli, pharmacy, produce, snacks |
| Parent | Metro Inc. |
| Website | www.metro.ca |
A&P Canada was a Canadian supermarket company from 1927 to 2009.
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 Miracle Food Mart and Ultra Food Mart in 1989.[2]
In 1995, it acquired the Barn Markets, based in Hamilton, Ontario, and opened its first discount grocery store, Food Basics.[3]
In 2005, A&P Canada Co. operated 135 stores under the Dominion, A&P, Ultra Food & Drug and the Barn Markets banners, and 101 Food Basics stores. It employed over 30,000 employees in Ontario.[4]
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 will not be affected because they compete in the discount food segment.[5]
[edit] See also
- Great Atlantic and Pacific Tea Company (former parent company)
- List of Canadian supermarkets
- Metro Inc.
[edit] References
- ^ History of A&P Canada from Metro Inc. website
- ^ History of A&P Canada from Metro Inc. website
- ^ History of A&P Canada from Metro Inc. website
- ^ History of A&P Canada from Metro Inc. website
- ^ Metro Inc. Press Release August 7 2008
- March 15, 2007 – FLAVORx/SAVEURx+ Inks Deal with A&P Canada (A Division of Metro)
- National Post – FP Trading Desk – Merrill Lynch remains 'neutral' on Metro Inc. Posted: March 23, 2007, 2:00 PM by David Pett
[edit] External links
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