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Harris Teeter, Inc.

Ralphs parent Kroger to buy Harris Teeter for $2.5 billion

Ralphs parent Kroger to buy Harris Teeter for $2.5 billion

Kroger Co., the Cincinnati-based grocery giant that owns chains such as Ralphs and Food 4 Less, is heading for Wal-Mart territory with its $2.5-billion purchase of Harris Teeter Supermarkets Inc. Taking over the Matthews, N.C., company and its 212 stores will give Kroger control over 2,631 total supermarkets in 34 states and Washington, D.C. Harris Teeter – which Kroger said operates in high-growth markets, vacation destinations and university towns across the Southeast and Mid-Atlantic – also comes with distribution centers and a dairy facility in North Carolina. The chain pulled in $4.5 billion in revenue in the most recent fiscal year. With Harris Teeter onboard,...

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