A&P Canada
A&P Canada is a Canadian supermarket company owned by Metro Inc. of Montreal, which purchased the company from The Great Atlantic and Pacific Tea Company, a German-owned retailer based in the United States, in 2005.
A&P first opened stores in Canada in 1927.
A&P Canada operates 81 supermarkets in the Province of Ontario under the A&P name. In the Greater Toronto Area, it operates 55 Dominion Stores. A&P began opening discount supermarkets under the Food Basics name in 1995, and now operates 106 of these. It operates 10 larger food and general goods markets called The Barn in the Niagara region of Ontario, and four food-and-drug combination stores called Ultra Food and Drug.
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.
See also
- The Great Atlantic and Pacific Tea Company (former parent company)
- List of Canadian supermarkets