ANDERSON, IN - In today’s day and age, convenience is king. Perhaps Giant Eagle recognizes this, because the retail chain recently announced that it has reached an agreement to acquire Ricker Oil’s 56 convenience stores and gas stations.
“We are thrilled to partner with such a strong company, brand, and talented group of Ricker’s employees,” said Laura Karet, President and CEO of Giant Eagle, in a statement. “We look forward to building on the great history that Ricker’s has in Indiana, and carrying forward many of the amazing offerings and services Ricker’s customers have come to expect.”
As reported on by local news source The Herald Bulletin, the two companies stated that they expect the transaction to close by the end of the year. Financial terms were not disclosed at this time.
“Ricker’s has proudly served the Indiana community for nearly 40 years, and we are so excited to have found a partner in Giant Eagle and GetGo who shares the people-focused values we hold so dearly,” Ricker’s President and CEO Quinn Ricker said. “Giant Eagle, like Ricker’s, is a family-owned company. We believe strongly that the coming together of our two businesses will be a seamless, and extremely positive, experience for employees, customers and business partners alike.”
Giant Eagle said there would be no disruption to Ricker’s store operations as a result of the agreement between the two companies, nor are there any immediate plans to change the GetGo or Ricker’s store experiences.
“We want to thank our loyal Ricker’s customers and assure them this new business arrangement will help us maintain our position as a leader in the convenience store industry,” said Jay Ricker, Ricker's Chairman.
What will this acquisition mean for Giant Eagle and Ricker’s customers? AndNowUKnow will report the latest in grocery happenings.
