Best Market is looking to buy five Waldbaum's and Pathmark stores on Long Island owned by the Great Atlantic & Pacific Tea Co. for $4.425 million, in addition to four other A&P supermarket locations it previously agreed to take over.
Bethpage-based Best Yet Market Inc., a family-owned nonunion outfit operating stores under the banner Best Market, tentatively entered into an agreement Tuesday to buy the leases of two Waldbaum's stores, including Great Neck for $1.5 million and Selden for $612,500, as well as three Pathmarks: one in Shirley for $1.1 million, one in Islip for $612,500, and one in West Babylon for $600,000. It also agreed to buy a Food Emporium on Greenwich Street in Manhattan.
A spokeswoman for Best Market confirmed the purchase agreement. A spokesman for A&P declined to comment.
The deal for the six stores still needs approval from U.S. Bankruptcy Court in White Plains. The hearing is scheduled for Nov. 13.
Last week, a federal bankruptcy judge in White Plains approved bids from Best Market to buy three Waldbaum's stores, including Commack for $595,000, Merrick for $2.715 million and Westhampton Beach for $4 million, as well as a Pathmark in East Rockaway for $1.225 million.
Best Market agreed to make "good faith, best efforts" to hire at least 25 percent of each new store's workforce from among displaced A&P union workers who are qualified for positions. The workers could also be offered jobs at other Best Market stores. Best Market currently has 20 stores in New York, New Jersey and Connecticut, including 16 on Long Island.
On Monday, the bankruptcy judge issued an interim order authorizing A&P to deny union workers the right to participate in the employee-transfer practice referred to as bumping, which allows a more senior employee to take the place of an employee with less seniority. The judge also ordered that union workers would get about 54 percent of their contractual severance pay.
So far, 33 Long Island A&P stores have been bought or bid on, and five were closed in October, while 13 other stores remain unsold. If buyers are not found, the unsold stores are expected to close the week before Thanksgiving.
Last week, A&P notified the New Jersey Department of Labor and Workforce Management it will lay off 187 employees at its corporate headquarters in Montvale, New Jersey, by Dec. 18.