The Kroger Co. has announced a definitive agreement to acquire Giant Eagle in a deal valued at $1.65 billion. The acquisition includes $1.25 billion in cash and the assumption of approximately $400 million in liabilities. Kroger says the deal will expand its footprint in key regional markets while strengthening its grocery and pharmacy operations. Giant Eagle operates 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland, and Indiana, generating approximately $9 billion in annual sales. Kroger CEO Greg Foran called Giant Eagle a strong strategic fit. “Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,” Foran said. He says the acquisition will help Kroger expand into attractive adjacent markets while improving store operations, digital services, and customer experience. Giant Eagle CEO Bill Artman called the move an important next step for the company. The companies say they plan to combine Giant Eagle’s regional brand strength with Kroger’s e-commerce platform, data capabilities, and operational scale. The deal is expected to close sometime in 2027, pending regulatory approval and customary closing conditions. Kroger says some limited Giant Eagle store divestitures are expected as part of the regulatory review process. The acquisition comes after Kroger’s previously proposed merger with Albertsons failed to move forward, making this the company’s latest major expansion effort.