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February 11, 2016 2:41 PM ET

Food and Staples Retailing

Company Overview of Pathmark Stores, Inc.

Company Overview

Pathmark Stores, Inc. owns and operates grocery stores in the United States. Pathmark Stores, Inc. was formerly known as Supermarkets General Corporation and changed its name to Pathmark Stores, Inc. in October 1993. The company was founded in 1966 and is based in Montvale, New Jersey. As of December 3, 2007, Pathmark Stores, Inc. operates as a subsidiary of The Great Atlantic & Pacific Tea Company, Inc. On July 19, 2015, Pathmark Stores, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. It is in joint administration with The Great Atlantic & Pacific Tea Company, Inc. Pathmark Stores, Inc. operates as a sub...

2 Paragon Drive

Montvale, NJ 07645

United States

Founded in 1966

7,400 Employees

Phone:

201-573-9700

Fax:

201-505-3054

Key Executives for Pathmark Stores, Inc.

Executive Vice President of Store Operations
Age: 65
Senior Vice President of Non-Perishable Merchandising
Vice President of Non-Foods Merchandising
Age: 47
Compensation as of Fiscal Year 2015.

Pathmark Stores, Inc. Key Developments

Motion for Asset Sale Approved for The Great Atlantic & Pacific Tea Company, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of A&P Real Property, LLC on December 18, 2015. The debtor has been authorized to sell lease real properties located in different locations to Balboa Retail, LLC for purchase price of $8.84 million. Gregory Spitzer and Marc Carmel of Ropes & Gray LLP acted as legal advisors to the buyer.

Notice for Lease Sale Agreement Filed by The Great Atlantic & Pacific Tea Company, Inc.

The Great Atlantic & Pacific Tea Company, Inc. filed a notice in US Bankruptcy Court for the lease sale agreement on December 18, 2015. Under the terms of agreement, A&P Real Property, LLC will sell 59th Street Lease for $4 million to D2D Bridgemarket LLC. The buyer will deposit a sum of $0.4 million which will be held by Titlevest Services, LLC, Escrow agent in the transaction. The final hearing will be held on January 22, 2016. Chauncey M. Swalwell of Goodwin Procter LLP acted as legal advisor to the buyer.

Motion for Asset Sale Approved for The Great Atlantic & Pacific Tea Company, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of A&P Real Property, LLC on December 16, 2015. The debtor has been authorized to sell Lexington Park Lease and Glen Burnie Lease to Big Lots Stores, Inc. for purchase price of $0.78 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 23, 2015
Pharmaceutical Assets at the Fifty-Eight Store Locations
Merger/Acquisition
July 20, 2015
24 Stores and Other Assets in Greater New York
Merger/Acquisition
July 20, 2015
72 A&P Supermarkets and Other Assets
 

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