Hannaford Supermarkets has reached an agreement to purchase the Bud’s Shop ‘n Save stores in Newport and Dexter, the company said Tuesday.
Bud’s has been a wholesale customer of Hannaford for 63 years and carries a wide variety of Hannaford-branded items.
The transaction is expected to be completed in early December. Dean Homstead, the owner of Bud’s, will continue to own and operate the Bud’s Shop ‘n Save store in Pittsfield, Hannaford said.
“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 in a news release. “We also thank our associates for their dedication and commitment, which has been the foundation for our success.”
Hannaford said it does not anticipate significant changes at the two full-service grocery stores.
The Newport store at 44 Moosehead Trail is 32,600 square feet, and the Dexter store at 37 Church St. is 24,500 square feet.
“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,” said Todd Bullen, a director of operations for Hannaford.
After the acquisition is complete, Hannaford will own and operate 62 stores in Maine. Owned by Dutch conglomerate Ahold Delhaize, the Scarborough-based company operates 179 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire and Vermont. Hannaford employs more than 26,000 workers throughout the chain.
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