December 13, 2022
Massy Holdings Ltd. (MASSY) has advised that on December 7, 2022, its Board of Directors approved the acquisition of Rowe’s IGA Supermarkets (Rowe’s IGA) by Massy Stores (USA) LLC (Massy Stores USA), a wholly owned subsidiary of the Company. Massy Stores USA entered into a Membership Interest Purchase Agreement with the sole owner of Rowe’s IGA, Robert A. Rowe, to purchase 100% of the equity interest of each of the seven limited liability companies within the Rowe’s IGA Group for US$47 Million. The acquisition was completed simultaneously on December 12, 2022.
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