Hannaford Supermarkets to acquire the Bud’s Shop ‘n Save stores in Newport and Dexter

SCARBOROUGH, Maine, 2016-Oct-19 — /EPR Retail News/ — Hannaford Supermarkets has reached an agreement to purchase the Bud’s Shop ‘n Save stores in Newport and Dexter.

Bud’s has been a wholesale customer of Hannaford for 63 years and carries a wide array of Hannaford-brand items. The transaction is expected to be complete in early December. Dean Homstead, owner of Bud’s, will continue to own and operate the Bud’s Shop ‘n Save store in Pittsfield, 101 Somerset Plaza.

“Bud’s Shop ‘n Save in Newport and Dexter would like to thank the surrounding communities for their patronage during these past 63 years,” Homstead said. “We also thank our associates for their dedication and commitment, which has been the foundation for our success.”

Hannaford does not anticipate significant changes at the stores. Both are full-service grocery stores.

“Hannaford is pleased to have the opportunity to serve customers in Newport, Dexter and surrounding communities,” said Todd Bullen, a director of operations for Hannaford. “We have been proud to support these stores as a wholesale supplier for many years and we look forward to serving customers with a familiar team, local products and Hannaford-brand items.”

As a company, Hannaford is committed to partnering with local communities, through ongoing food donations to hunger relief, involvement with school and civic groups, and contributions to local charities.

The Newport location, Newport Plaza at 44 Moosehead Trail, is 32,600-square-foot store. The Dexter location, 37 Church Street, is a 24,500-square-foot store.

About Hannaford Supermarkets
Hannaford Supermarkets, based in Scarborough, Maine, operates 179 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire, and Vermont. Hannaford employs more than 26,000 associates. Additional information can be found at www.hannaford.com.

Eric Blom

Source: Hannaford Supermarkets

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Via EPR Network
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