Harps to Buy 20 Town and Country Stores

Harps Food Stores of Springdale, Ark., said it has entered into an agreement to purchase 20 supermarket locations from Town and Country Grocers of Fredericktown, Mo. The stores operating under five banners are located in northeastern Arkansas and southeastern Missouri and will be added to the 92 stores Harps operates in Arkansas, Oklahoma, Missouri and Kansas.

Financial terms of the deal were not disclosed. It is subject to ordinary due diligence and approval from Town and Country shareholders. The purchase is expected to be finalized this summer.

The sale would leave Town and Country with 15 supermarkets, according to its website. Both retailers are supplied through Associated Wholesale Grocers.

“Opportunities like this are rare,” said Harps President and CEO Kim Eskew in a statement. “We are extremely excited about adding these stores to our Harps family. They will make a great addition to our company as we strive to continue to grow.”

The Arkansas locations are:

Country Mart — Harrison

Town and Country — Highland

Town and Country — Newark

Price Chopper — Pocahontas

Country Mart — Piggott

The Missouri locations are:

Town and Country – Thayer

Cash Saver – West Plains

Country Mart – Fredericktown

Country Mart – Bonne Terre

Country Mart – Potosi

Country Mart – Park Hill

ALPS Supermarket – Malden

Country Mart – Kennett

Town and Country – Dexter

Country Mart – Jackson

Country Mart – Marble Hill

Town and Country – Clarkton

Town and Country – Doniphan

Town and Country – Bernie

Country Mart – Farmington