Harps purchases 20 regional supermarkets including Newark’s Town and Country

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Springdale, Ark.-based Harps Food Stores, Inc. has purchased 20 stores in northeastern Arkansas and southeastern Missouri from Town and Country Grocers of Fredericktown, Mo.

Five of the northeast Arkansas locations include Newark, Harrison, Highland, Pocahontas, and Piggott.

A press release said the timetable for the deal hasn’t been fully worked out, but both groups expect it to be completed by the end of the summer.

The deal will have to be approved by Town and Country Grocers shareholders and will be subject to due diligence and regulatory requirements.

The president and chief executive officer for Harps Food Stores, Kim Eskew, said the company is extremely excited to be adding the Town and Country stores to the Harps family.  The terms of the deal were not released.

Harps currently operates 92 stores in four states — Arkansas, Missouri, Oklahoma, and Kansas.  The chain is employee-owned, and employs more than 4,500.

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1 COMMENT

  1. if Harps renovates the stores, which i am quite sure they will, it will be a great asset for the communities affected. i personally have been in one of their newer stores in Mountain Home and i was quite astonished when i walked inside. albeit that store is quite larger than most Town and Country stores but the store was so clean and organized and the employees were more than happy to help any way they could. i actually wished i would have more time to walk thru the entire store and just look. i will patronize a business that is so well kept, organized, with motivated employees. it makes you have a “warm fuzzy” when you go there.

    i also have a place in Newark, born and raised but live in Missouri, and will have the opportunity occasionally to shop at the store they will be acquiring there. it is fortunate for Newark to obtain Harps services to the Newark community.

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