The Giant Co., also known as Giant or Martin’s, says it has entered into a purchase agreement with Bob and Joe Appleby to acquire Everett Foodliner and Saxton Market, two grocery stores located in Bedford County, Pa. The transaction includes both the real estate and related grocery and fuel business assets. Financial terms of the transaction were not disclosed.
“Giant’s story began more than 100 years ago when two brothers opened our very first store in Carlisle, Pa.,” says John Ruane, president of The Giant Co. “We are honored that the Appleby family has placed their trust in us and chosen us to continue their legacy of serving families in Everett and Saxton.”
The Everett Foodliner is at 250 W. Main St. in Everett, Pa., and the Saxton Market is at 509 Main St. in Saxton, Pa.
“While it was a difficult decision to make, we are pleased by the care Giant has shown for our business, employees and customers,” Bob and Joe Appleby say jointly. “We know our family business is in good hands with Giant, and we can’t wait to celebrate with them when the stores reopen later this year.”
Upon completion of the sale, Giant plans to temporarily close both stores for a remodel. Additional details on amenities, hours and opening dates will be shared at a later date. Employees of Everett Foodliner and Saxton Market will have the opportunity to interview for positions with Giant, the company says.
“Expanding in existing markets is a key element of Giant’s strategic growth plan,” Ruane says. “We look forward to working closely with Bob and Joe on the transition, welcoming our new team members and delivering value, freshness and kindness to our new customers.”
The Giant Co. currently operates four Martin’s stores in the Altoona-Johnstown market, employing nearly 600 team members.
