Price Mart (2020 S Main), the former Warehouse Market store that changed names when the chain was purchased by Doc’s Food Stores in 2020, is changing hands again.
According to reports out of Springdale, AR., Doc’s Food Stores is set to be acquired by Springdale-based grocery supplier Harps Food Stores, Inc.
The terms of the deal were not disclosed, but the acquisition means that Harps will scoop up an additional 10 stores across Oklahoma, including the Price Mart in Sapulpa.
Harps was founded in 1930 and is unique in as a 100% employee-owned operation. It currently has 6,500 employees and 148 stores across six states, including Arkansas, Kansas, Louisiana, Mississippi, Missouri, and Oklahoma.
It’s not clear how many employees will be added through this acquisition.
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Kim Eskew, chairman and CEO of Harps called the opportunity to acquire Doc’s “rare.”
“We are extremely excited about adding these stores to our Harps family,” she said. “They will make a great addition to our company as we strive to continue to grow.”
Courtney Brown, president and CEO of Doc’s Food Stores, said its store banners, employment and operations across eastern Oklahoma will continue with minimal change or interruption.
“As we approach our 80th year, we want to extend our heartfelt gratitude to all our friends, family, associates and loyal customers who have supported us throughout this journey,” Brown said. “Your continued trust and encouragement have been the cornerstone of our success. This collaboration represents an incredible opportunity not only for our family and associates but also for the communities we serve. We are confident with this sale Harps will continue to uphold the values and service standards that our customers have come to expect.”
The other stores part of the acquisition are in Bixby, Collinsville, Coweta, Fairview, Glenpool, Newkirk, Okmulgee, Oologah, and Watonga.
