Pete's Fine Foods will be bought by Sobeys Inc., according to a statement released Thursday.
The grocery retail and wholesale business has locations in Bedford and Halifax. The purchase is expected to close Nov. 2.
Pete Luckett founded the business 40 years ago. He says the sale has been in the works since June.
"The time is right. I'm getting old and crusty," Luckett told CBC News.
To read the rest of the story, please go to: CBC News