The GIANT Company, retailing as GIANT and MARTIN’S, has entered into a purchase agreement with Bob and Joe Appleby to acquire Everett Foodliner and Saxton Market, two independently owned grocery stores in Bedford County, Pennsylvania.
The acquisition supports GIANT’s strategy of expanding within its existing markets. The company currently operates four MARTIN’S stores in the Altoona-Johnstown market, employing nearly 600 team members.
Everett Foodliner is located at 250 West Main St. in Everett, and Saxton Market is located at 509 Main St. in Saxton.
“GIANT’S story began more than 100 years ago when two brothers opened our very first store in Carlisle, Pennsylvania,” said John Ruane, president of The GIANT Company. “We are honored that the Appleby family has placed their trust in us and chose us to continue their legacy of serving families in Everett and Saxton.”
Bob and Joe Appleby said the decision to sell was a difficult one but expressed confidence in the transition.
“We are pleased by the care GIANT has shown for our business, employees, and customers,” the Applebys said in a statement. “We know our family business is in good hands with GIANT and look forward to celebrating with them when the stores reopen later this year.”
Upon completion of the sale, GIANT plans to temporarily close both stores for remodeling. The company said additional details regarding amenities, hours of operation, and reopening dates will be announced at a later time. Employees of Everett Foodliner and Saxton Market will have the opportunity to interview for positions with GIANT.
The transaction includes the stores’ real estate along with associated grocery and fuel business assets. Financial terms were not disclosed.
