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Kroger Company
Harris Teeter to be acquired by Kroger in $2.5 billion deal
Harris Teeter to be acquired by Kroger in $2.5 billion deal

Kroger Co.'s planned acquisition of Harris Teeter Supermarkets Inc. will allow it to capitalize on Harris Teeter's growing presence in the Baltimore-Washington market, but consumers will see few, if any, changes in existing stores. Kroger, the biggest U.S. supermarket operator, said Tuesday it would buy the Charlotte, N.C.,-based regional chain in a $2.5 billion deal that will raise its store count in the Southeast and Mid-Atlantic. Regional supermarkets like Harris Teeter are struggling to maintain market share against mass merchandisers such as Costco and Walmart, leading to consolidation in the industry. Meanwhile, chains such as Whole Foods and Trader Joe's are nibbling...

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