Sobeys Buys Thrifty Foods Chain in Western Canada

In a move providing a platform for growth in British Columbia, Sobeys last week reached an agreement to acquire Thrifty Foods, a 20-store independent based in Victoria, British Columbia, for around $249 million (U.S.). The deal, which is scheduled to close in September, pairs Sobeys with an independent with strong business and customer appeal on Vancouver Island, but one

STELLARTON, Nova Scotia — In a move providing a platform for growth in British Columbia, Sobeys here last week reached an agreement to acquire Thrifty Foods, a 20-store independent based in Victoria, British Columbia, for around $249 million (U.S.).

The deal, which is scheduled to close in September, pairs Sobeys with an independent with strong business and customer appeal on Vancouver Island, but one that has struggled to grow on the mainland. But it's the struggling mainland

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