The parent company to Homeland grocery stores is on its way to becoming employee-owned.
Homeland Acquisition Corp., consisting of Homeland, United Supermarkets of Oklahoma, Country Mart stores in Oklahoma and Super Save stores in north central Texas, on Tuesday completed an employee buyout transaction with Associated Wholesale Grocers, a retail-owned cooperative.
HAC operates 76 retail stores, the bulk of which were purchased out of bankruptcy by Associated Wholesale Grocers in September 2002.
“AWG has been a very progressive owner, investing in, remodeling and updating locations,” said Darryl Fitzgerald, president of HAC Inc. “They furnished us with the resources to help our company recover and then begin to grow. The turnaround of these stores has been the direct result of our hardworking, dedicated employees. It is gratifying to see those efforts rewarded with ownership.”
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