Food retailer Weis Markets has announced an asset purchase agreement with Sunnyway Foods, a family-owned retailer in Pennsylvania, US.
Weis Markets will buy assets of Sunnyway supermarkets at 49 Warm Spring Rd in Chambersburg, Pennsylvania and 212 N Antrim Way in Greencastle, Pennsylvania.
The deal will be finalised in the fourth quarter of 2024.
Sunnyway president and CEO Dean Martin said: "It's been my family's pleasure to serve the wonderful people of Franklin County for over 69 years. While this move is bittersweet for us, we are comforted knowing that we leave our customers in the capable hands of Weis Markets.”
Both stores will briefly close for conversion before re-opening under the Weis Markets brand.
Weis Markets will retain the current associates of both stores, offering them the opportunity to interview for continued employment.
The stores will introduce Sunday openings to enhance customer convenience.
Financial terms of the agreement remain undisclosed.
Weis Markets chairman and chief executive officer Jonathan Weis said: "Sunnyway Foods, the Martin family and its associates are known for their service and dedication to their communities. As a company with a strong local focus, our goal is to build upon this strong foundation. We look forward to interviewing the associates of these stores for employment with our company."
Weis Markets, a food retailer in the US Mid-Atlantic region, operates 196 stores across Pennsylvania, Maryland, New Jersey, New York and West Virginia.
In August 2024, Weis Markets announced a 1.6% increase in net sales for the first half (H1) of the fiscal year 2024 (FY24), reaching $2.36bn, compared to $2.32bn in H1 FY23.
