SPRINGDALE, Ark. — Harps Food Stores here is scheduled to announce today that it has agreed to acquire Wallace & Owens Stores, an eight-unit chain with stores in Missouri and Arkansas. Terms of the sale, which is scheduled to close by mid-December, were not disclosed.
“My brother [Rich] and I have grown up in the family business and have enjoyed over 30 years together helping to shape and grow the company,” said Steve Wallace, president of Wallace & Owens. “This is an e