Wakefern Food Corp. announced today that New Jersey-based Nicholas Markets, owned by the Maniaci Family, has become the 51st family to join its cooperative.
Nicholas Markets operates four stores in North Haledon, Cedar Grove, Colonia and the Township of Washington, NJ under the Foodtown banner. Upon their conversion, the stores will be rebranded as The Fresh Grocer, a Wakefern trademark. Currently there are eight The Fresh Grocer stores located in the greater Philadelphia area.
The Maniaci family has been part of the Allegiance Retail Services, LLC cooperative, operating Nicholas Markets as Foodtown. Nicholas Markets was founded in 1943 by Rocco and Nicholas Maniaci, grandfather and father of David Maniaci, current president and CEO of Nicholas Markets, Inc.
“The competitive landscape in New Jersey has grown fierce in recent years,” said Maniaci. “I believe Wakefern’s deep roots in the state will help me navigate this and other challenges facing the supermarket industry.”
“I leave the Foodtown cooperative at a time when it is strong and thriving,” added Maniaci. “It has seen significant growth to its membership base and store count over the past decade.”
“We are excited to welcome another member into our Wakefern family,” stated Joseph Colalillo, Wakefern’s Chairman and CEO. “Nicholas Markets is a strong addition to our cooperative. David and his associates are deeply committed to serving their communities and providing exceptional quality and fresh prepared foods to their customers.”
“Adding Nicholas Markets stores to The Fresh Grocer banner strengthens Wakefern’s competitive position in northern New Jersey,” said Joe Sheridan, Wakefern President and COO. “Membership in our cooperative allows independent operators to maintain their entrepreneurial spirit while benefiting from the scale and services Wakefern offers. We look forward to welcoming the Maniaci family to Wakefern.”
About Wakefern Food Corp.
From a small, local cooperative that began with eight grocery store owners, Wakefern Food Corp. has grown into the largest retailer-owned cooperative in the United States. Founded in 1946, the cooperative comprises51 members who today independently own and operate 353 supermarkets under the ShopRite, The Fresh Grocer, Price Rite Marketplace, Gourmet Garage and Dearborn Market banners in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, and Rhode Island. Together with its member companies, Wakefern employs more than 70,000 people, and is one of the largest employers in New Jersey. For more information, please visit www.wakefern.com.
About Nicholas Markets, Inc.
Nicholas Markets, is a family-owned specialty supermarket, founded in 1943 when Rocco Maniaci and his son Nicholas opened a small grocery store in North Haledon, New Jersey. Today, Nicholas Markets, Inc. operates four Super Foodtown Supermarkets located in Cedar Grove, North Haledon, Colonia, and Township of Washington, N.J.