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Saker ShopRites Acquires Assets From Perlmart; Richard Saker and Michael Perlmutter Discuss

Saker ShopRites Acquires Assets From Perlmart; Richard Saker and Michael Perlmutter Discuss


KEASBEY, NJ
Friday, January 7th, 2022

Saker ShopRites, owned and operated by the Saker family, recently locked in a key grocery acquisition. The chain announced it had completed the acquisition of Perlmart’s assets, which is owned and operated by Michael Perlmutter.

Richard Saker, President and Chief Executive Officer, Saker ShopRites“Perlmart has been dedicated to customer and community service since they first opened their doors, and we are proud to continue those traditions as we welcome their stores and associates into our family of supermarkets,” Richard Saker, President and Chief Executive Officer of Saker ShopRites, said. “Both the Saker and Perlmutter families share a love of the supermarket business, and we think this is a great way to pass the baton from one local, family-owned business to another.”

As noted in the company’s press release, both the Saker and Perlmutter families have been committed to providing fresh, affordable foods in their stores and giving back to the communities where their stores operate. Additionally, both were early members of the retailer-owned cooperative, Wakefern Food Corp., which celebrates its 75th anniversary this year.

With over 100 years of grocery industry experience, the Sakers currently operate 32 ShopRite stores in Ocean County, New Jersey, and employs more than 8,000 associates.

Saker ShopRites, which is owned and operated by the Saker family, has announced the acquisition of the assets of Perlmart, owned and operated by Michael Perlmutter

The Perlmutter family has grown its Perlmart chain of seven ShopRite stores in New Jersey, which includes pharmacies, to reach Manahawkin, Lacey, Fischer Bay (Toms River), Manchester, Jackson, Bayville, and Waretown.

“We are proud to have been part of the Ocean County community for more than seven decades, and we are so grateful for the loyalty we’ve experienced from our customers and the dedication and friendship from our associates through the years,” said Michael Perlmutter. “As a family-operated business, we have viewed our associates as extended family members, and our relationship with some go back 35, 40, and more years."

To read more about the legacy of each of these companies, as well as the recent acquisition, click here.

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Saker ShopRites
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