Bi-Wise Market of Allenstown, N.H., said it has agreed to be acquired by Associated Grocers of New England. Terms were not disclosed.
"Bi-Wise has been a member store customer of AG New England for over 35 years, and it is a logical transition to pass the reins of the business to a company that is fully dedicated to the success of the independent retail grocers who are the owners of the cooperative,” said Bi-Wise owner Marc Genest. “This is the best thing that could have happened to the grocery store, its employees and the community.”
The store was founded in 1966 by “Mighty” Mike Genest. It will be rebannered under the Sully's name, AG New England said.
"Our plans are to keep the same great quality products and the Bi-Wise dedicated team of employees in place in Allenstown," Mike Bourgoine, president and CEO, AG New England. "We're extremely pleased to be acquiring this successful business from Marc Genest."
AG New England, a retailer-owned cooperative, supplies over 650 stores across New England and into the Upstate New York/Albany area from its distribution center in Pembroke, N.H. In addition to supplying independent stores, AG New England owns and operates several stores under the names Harvest Market of Bedford, Hollis and Wolfeboro, as well as Vista Foods in Laconia, N.H., and Newport, Vt., and Sully’s in Goffstown, N.H.
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