On March 21, grocery retailer Raley’s announced it planned to purchase six Scolari’s Food & Drug locations in Northern Nevada. The agreement, that is expected to be completed by late Spring, said Raley’s will purchase five Scolari’s Food & Drug stores and one Sak ‘N Save store.
“I am pleased that Raley’s will reach and serve even more customers. Making healthy and affordable food available to more people aligns with our purpose to infuse life with health and happiness, by changing the way the world eats, one plate at a time,” said Michael Teel, Raley’s Chairman & CEO.
Raley’s will transition five Scolari’s locations to the Raley’s banner, while the Sak ‘N Save will keep its name and operate as part of Raley’s Food Source division.
“With complementary markets and strong family values, we believe Raley’s was the right partner to assume the operation of the six locations of our family business,” said Joey Scolari, CEO, Scolari’s Food & Drug. “We are confident our customers and employees will be served well under the stewardship of the Raley’s organization,” Scolari said.
Raley’s currently operates 122 stores under four banners. The new additions will increase the total store count to 128.