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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Parent company of Giant Food looking to expand

The international supermarket-chain operator that owns Giant Food is interested in expanding through acquisitions and internal growth, The Wall Street Journal reported today.

Giant is owned by Holland-based Ahold. The WSJ article notes that Ahold has about $3.7 billion in cash and that it’s interested in putting the money to work on acquisitions to boost a lagging share price.

This article caught my attention because Ahold, along with Harris Teeter and Supervalu, has been mentioned as a possible suitor for Ukrop’s Super Markets.

Ukrop’s hasn’t much commented on any of these rumors, and neither has any of the alleged suitors.

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Permalink: http://news.fredericksburg.com/businessbrowser/2009/11/16/parent-company-of-giant-food-looking-to-expand/