Harps Food Stores Inc. of Springdale said it had entered into an agreement to buy Janise’s Supermarket in Sunset, Louisiana.
Financial terms of the deal were not released. Harps said the deal is expected to close by the end of July, and it will retain Janise’s staff to ensure a smooth transition to new ownership.
Harps, an employee-owned company, has 146 stores in six states. The company said it has more than 7,200 employees.
“We are thrilled to welcome Janise's Supermarket into the Harps Food Stores family,” Harps CEO Kim Eskew said. “This acquisition aligns perfectly with our strategic growth plans and allows us to expand our footprint in Louisiana. We are committed to honoring Janise's Supermarket's legacy and serving the Sunset community with the same level of excellence they have come to expect.”
Janise’s Supermarket has operated for nearly 50 years in Sunset, a small community north of Lafayette in south Louisiana.
“It is with great honor that we, Janise's Supermarket, announce the acquisition of our business by Harps Food Stores,” said co-owner Michael Dwayne Janise. “We firmly believe that this partnership will be immensely beneficial to the residents of Sunset, Louisiana, and the surrounding area. As an [Employee Stock Ownership Plan] company, we are delighted to offer our employees a remarkable opportunity for career growth in the grocery industry.
"We extend our heartfelt gratitude to all our valued customers and dedicated employees for their unwavering support and patronage throughout our 49-year journey.”