Giant Eagle Inc. Completes Acquisition of Ricker Oil Company Inc.
INDIANAPOLIS--(BUSINESS WIRE)--Dec 3, 2018--Giant Eagle Inc., one of the nation’s largest multi-format food, fuel and pharmacy retailers, today announces its successful acquisition of Indiana-based Ricker Oil Company Inc. (“Ricker’s”). The finalized agreement brings Giant Eagle’s GetGo Cafe + Market (“GetGo”) and Ricker’s brands together in serving customers throughout Indiana.
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Since opening its first Indianapolis area GetGo Cafe + Market in October 2015, Giant Eagle has been committed to providing Hoosiers with made-fresh-to-order foods, including mouthwatering, custom-made subs, burgers, breakfast sandwiches and more. Three years later, there are now seven GetGo locations spread throughout Central Indiana. The Ricker’s acquisition provides Giant Eagle with additional scale in the Indiana market as well as opportunities to leverage the strength of both the GetGo and Ricker’s brands.
Ricker’s has provided high-quality fuels, clean convenience stores and wholesale fuel services to companies and consumers throughout Indiana since 1979. A strong commitment to its community, a sense of pride to its customers, and a long history of corporate trust is the foundation on which the company was built. In addition to acquiring the 56 Ricker’s convenience stores located in the Indianapolis and Fort Wayne metro areas and throughout Central Indiana, the agreement also includes Ricker Oil’s wholesale fuels distribution business of approximately 80 branded supply accounts located in Indiana, Illinois and Kentucky.
Like Ricker’s, Giant Eagle is a proud family-owned and values-driven company. Founded by five families nearly 90 years ago, representatives of each Giant Eagle family still serve the company today, including fourth-generation family member Laura Karet, Giant Eagle’s President and CEO.
“Today is a very special day because we welcome more than 800 new Team Members to our Giant Eagle family and begin work to bring together Ricker’s and GetGo into a leading food-first convenience retailer in Indiana,” said Laura Karet.
Polly Flinn, Giant Eagle’s Executive Vice President & General Manager of GetGo, added, “At GetGo, our positioning of taking the ‘cons out of convenience’ means we offer the highest quality fresh foods, products and services to our customers. Our acquisition of the Ricker’s chain supports this strategy, and we look forward to bringing together the best of both businesses in Indiana.”
About GetGo Cafe + Market
GetGo evolves the traditional convenience store experience, delivering a cafe and market featuring a wide ranging menu of high quality fresh foods and quality customer service in an inviting in-store setting. GetGo operates 200 branded locations throughout western Pennsylvania, Ohio, northern West Virginia, Maryland and Indiana, in addition to more than 50 Ricker’s stores throughout Indiana.
Giant Eagle, Inc., ranked among the top 40 largest private companies according to Forbes magazine, is one of the nation’s largest multi-format food, fuel and pharmacy retailers with $8.9 billion in annual sales. Founded in 1931, the company operates stores throughout western Pennsylvania, Ohio, northern West Virginia, Maryland and Indiana.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005988/en/
CONTACT: Daniel Donovan
Giant Eagle, Inc.
KEYWORD: UNITED STATES NORTH AMERICA INDIANA
INDUSTRY KEYWORD: CONVENIENCE STORE ENERGY OIL/GAS HEALTH RESTAURANT/BAR PHARMACEUTICAL AUTOMOTIVE RETAIL FOOD/BEVERAGE SUPERMARKET OTHER RETAIL GENERAL AUTOMOTIVE
SOURCE: Giant Eagle Inc.
Copyright Business Wire 2018.
PUB: 12/03/2018 05:00 PM/DISC: 12/03/2018 05:00 PM