Harps Acquires 20 Locations From Town & Country Grocers
SPRINGDALE, AR - When a business grows, it’s only natural that you need more space. For Harps Food Stores, the time has come to spread its wings. Recently, the grocer entered into a purchase agreement to acquire twenty stores across northeastern Arkansas and southeastern Missouri from Town & Country Grocers of Fredericktown, Missouri.
“Opportunities like this are rare,” said Kim Eskew, President and CEO of Harps Food Stores. “We are extremely excited about adding these stores to our Harps family. They will make a great addition to our company as we strive to continue to grow.”
According to a press release, the transaction remains subject to ordinary due diligence, including approval from the Town and Country shareholders. While the timing has not been finalized yet, both parties anticipate completing the transaction throughout this summer.
As part of the acquisition, Harps Food will be obtaining 10 Country Marts; 7 Town & Countrys; and one each of Cash Saver, ALPS Supermarket, and Price Chopper stores.
With the addition of these 20 locations, Harps Food will now operate 112 stores in Arkansas, Oklahoma, Missouri, and Kansas. Where else will we see Harps Food next? Stay tuned with ANUK as we uncover more retail news.