Price Chopper/Market 32 and Tops Markets have entered into a merger agreement that nearly doubles their collective footprint in the Northeast.

Both of the grocery-store chains are based in New York and serve nearly the same areas.

The transaction is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Financial terms of the transaction were not disclosed.

Based in Schenectady, Price Chopper/Market 32 was founded by the Golub family in 1932. It operates 130 Price Chopper and Market 32 grocery stores and one Market Bistro, employing 18,000 workers in New York, Vermont, Connecticut, Pennsylvania, Massachusetts, and New Hampshire.

Based in Williamsville, in western New York, Tops Markets operates 162 grocery stores, with 14,000  workers, in New York, Pennsylvania, and Vermont, including five that are run by franchisees.

Scott Grimmett, Price Chopper/Market 32’s president and chief executive officer, will be CEO of and serve on the board of directors of the new parent company, which will oversee the operations of nearly 300 Price Chopper, Market 32, Market Bistro, and Tops Markets stores and collectively employ more than 30,000people, according to a release from the companies.

Frank Curci, Tops Markets chairman and CEO, will serve on the board of directors of the new parent company and as a consultant to assist in the transition. Blaine Bringhurst, Price Chopper/Market 32’s executive vice president of Merchandising, Marketing and Store Operations, will lead the Price Chopper/Market 32 business. John Persons, Tops Markets president and chief operating officer, will lead the Tops Markets business.

The new parent company will be headquartered in Schenectady. The Price Chopper/Market 32 and Tops Markets businesses will retain main offices in Schenectady and Williamsville, and will continue to be managed locally by their respective leaders.