Stop & Shop Will Replace Waldbaum's in East Hampton

Stop & Shop will be taking over the Waldbaum's stores in East Hampton and Southampton Villages as part of a $146 million deal. 

Stop & Shop Supermarket Company L.L.C. announced on Monday that it has entered into an agreement with the Great Atlantic & Pacific Tea Company, which owns A&P and Waldbaum's stores and has filed for bankruptcy, to purchase 25 of the stores in the greater New York area. 

When the deal is finalized, the Waldbaum's locations on the South Fork will be converted into Stop & Shop stores. The closest Stop & Shop locations are Hampton Bays and Riverhead. 

The plan has to be approved by the court. Other Waldbaum's stores on Long Island, including the one in Riverhead, are closing. The deal is expected to close in the second half of 2015.