Pennsylvania-based ACME Markets is buyijng the Food Emporium on Elm Street from the A&P Supermarket Chain as part of a Chapter 11 bankruptcy filing made last week by the Great Atlantic & Pacific Tea Company.

The supermarket at 280 Elm St. is one of 75 being purchased by ACME as part of an asset purchase agreement, which is still being finalized, said Teena Massengill, a spokeswoman for Safeway Albertson, the parent company of ACME Markets.

Massengill said the stores purchased by ACME — mostly in New Jersey, Pennsylvania and Delaware — would be converted into ACME Markets.

“We have no plans to close any stores as a result of the transaction,” Massengill said. “The transaction is still subject to customary approvals, so nothing is changing right now. It’s business as usual.”

Other stores in the area sold by A&P to ACME include the A&P at 1201 High Ridge Road in Stamford and at 160 East Putnam Ave. in Greenwich.

William Raveis Realtor Chris Sigg, a town resident, and Tucker Murphy, executive director of the New Canaan Chamber of Commerce, both said the sale could bode well for the store, which has not been remodeled or updated significantly since the 1990s.

“They (the new owner) would benefit by updating and modernizing the store inside,” Sigg said. “For the most part the store is good but it looks like 1990 inside and should look like 2015.”

Murphy said the lack of change or remodeling at the store was noticed by residents over the years, and the Chamber of Commerce will reach out to the company at the appropriate time to offer assistance.

“We hope they familiarize themselves with our town before they make any changes,” Murphy said. “We have two wonderful markets in New Canaan so they will really have to earn any new customers.”

ACME Markets operates 110 stores throughout Philadelphia, New Jersey, Delaware and Maryland, employing about 11,000 associates and is part of a wider 2,200 store operation owned by Albertsons Companies that employs about 265,000 people nationwide., 203-625-4468.