Springdale-based grocer Harps Food Stores Inc. plans to acquire 18 stores from Joey and Jeanie Hays, owners of Dyer Foods, an independent grocery retailer with multiple locations across western Tennessee and Kentucky. Financial terms of the deal were not disclosed.
The stores that will be acquired are in the following Tennessee towns: Alamo, Bells, Brownsville, Covington, Dyersburg, Halls, Henderson, Humboldt, Jackson, Millington, Newbern, Somerville, Tiptonville and Trenton. A store in Fulton, Ky., is also part of the deal.
“We are excited to be able to acquire these stores from the Hays Family,” said Kim Eskew, chairman and CEO of Harps Food Stores. “We love small stores in small towns, and these stores fit our strategy perfectly. We have the greatest respect for what the Hays family and their staff have been able to accomplish and look forward to having this great group of people join our company.”…