Vancouver-based Jim Pattison Group (JPG) has announced that it has acquired the 194-store Modesto, California-based grocery chain Save Mart Cos.
It did not provide the financial terms of the deal.
Save Mart operates 185 stores in California and nine in Nevada. The stores are grouped into three banners: 79 that are called Save Mart while 61 are branded Lucky and 54 are under the FoodMaxx banner.
Save Mart, founded in 1952, employs about 13,000 people. Save Mart and Lucky are full-service grocery stores while FoodMaxx is a warehouse-style discount store concept.
JPG is widely considered to be B.C.’s largest private company, with $16 billion in annual sales and about 50,000 employees,
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