Weis Markets Announces the Purchase of Two New Supermarket Locations
SUNBURY, PA - The retailer Weis Markets has been quiet on the newswire these past couple months, but today announced that it has entered into an asset purchase agreement with T.C.D. Realty to purchase two supermarket locations. The locations are the Thomas’ Foodtown in Dallas, Pennsylvania, and the Thomas’ Food Basics in Shavertown, Pennsylvania.
“We have great respect for the operators and associates of Thomas’ Foodtown and Food Basics in Dallas and Shavertown and look forward to continuing to serve the Dallas area,” said Jonathan Weis, Chairman, President, and CEO. “We look forward to interviewing their associates for possible employment with our company.”
The transaction is expected to be completed in the fourth quarter of 2019, according to the press release. After the purchase is complete, Weis Markets will convert and reopen the Dallas location, but will not reopen the Shavertown location. Once the store reopens, Weis Markets will operate seven stores in Luzerne County.
Congratulations to Weis Markets on this exciting purchase agreement! Stick with us at ANUK for more news in the retail sector.