Tops Markets Changes Hands

December 3, 2013 Updated Dec 3, 2013 at 9:28 AM EDT

By Elizabeth Carey

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December 3, 2013 Updated Dec 3, 2013 at 9:28 AM EDT

Business First says a team of local executives from Tops Markets, led by CEO Frank Curci, has officially closed on its management-buyout deal. They acquired the Tops chain from New York-based investment group Morgan Stanley Private Equity.

Terms of the deal were not disclosed and shoppers won't notice a difference, but this means Tops' decision-making and corporate structures return to its Amherst headquarters.

It also makes Tops one of the region's largest privately-held companies. It has 159 stores.

In Arcade, Koike Aronson Inc./Ransome is planning on a bigger sales year in 2014 thanks to an extra 30,000 square feet of production and office space that was added this year. The expansion is landing new orders for metal-cutting and weld-positioning equipment. The company employs around 150 and is looking to hire a handful of workers.

Dunkin' Brands is also ready to grow. A report in this week's Business First says Dunkin' Donuts has 46 outlets in WNY. They hope to open 20 to 30 more franchised stores here in coming years, including more Baskin Robbins.

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