Sobeys to Purchase B.C.-based Thrifty Foods

STELLARTON, Nova Scotia — Sobeys here said Monday that it has entered into an agreement to purchase Thrifty Foods, a 20-store grocery chain based in Victoria, British Columbia, for around $249 million (U.S.).

STELLARTON, Nova Scotia — Sobeys here said Monday that it has entered into an agreement to purchase Thrifty Foods, a 20-store grocery chain based in Victoria, British Columbia, for around $249 million (U.S.). In addition to 20 full-service stores, Thrifty operates a distribution center and a wholesale business serving Vancouver Island and the lower mainland of British Columbia. The deal is expected to close during Sobeys’ fiscal second quarter late this year. “Thrifty’s is a very well-respect

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