Connect with us

Merge & Acquisition

Weis Markets Completes Acquisition of Saylor’s Market

Published

on

Courtesy of Wikipedia

Weis Markets has officially announced the acquisition of Saylor’s Market, a family-owned grocery store based in Newville, Pennsylvania. This acquisition, expected to be finalized by the first quarter of 2025, marks a significant expansion for Weis Markets in the region. Once the sale is complete, Saylor’s Market will temporarily close to undergo a conversion into a Weis Markets location. The details of the financial transaction have not been disclosed.

Jonathan Weis, Chairman and CEO of Weis Markets, expressed enthusiasm about the acquisition, stating, “Saylor’s Market has been an integral part of the Newville community, providing excellent customer service and contributing to the local area. We share these same values and look forward to welcoming Saylor’s associates to our team.”

Founded in 1977 by Donald Saylor, Saylor’s Market grew from a modest 6,000-square-foot store into a 42,000-square-foot supermarket, employing over 100 people. After Donald Saylor’s passing in 2002, his sons, Curt and Craig Saylor, continued the family business with their children, maintaining a strong presence in the community.

The acquisition of Saylor’s Market represents Weis Markets’ third store acquisition in 2024. Earlier in October, Weis expanded further by acquiring two additional stores in Franklin County, Pennsylvania. However, Weis Markets will also be closing its Country Club Shopping Center location in Dallas Township, Pennsylvania, by January 2025 due to underperformance. The employees of this store will be relocated to nearby Weis locations.

Weis Markets operates a network of 198 stores across several states, including Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia. With the acquisition of Saylor’s Market, Weis continues to expand its footprint and strengthen its presence in the grocery market.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link