Fareway to Purchase Shugar's in Colfax, Iowa
COLFAX, IA - Holiday cheer is coming down the pike in more ways than one this year as Fareway Stores recently announced an exciting acquisition. The retailer is in talks with family-owned grocery store Shugar’s, located in Colfax, Iowa, to close a strategic purchase. The two plan to finalize the deal and begin transitioning the acquired store closer to the end of the year.
“We are excited to announce our plans to expand in the Central Iowa area,” said Fareway President and CEO Reynolds W. Cramer. “While residents of Colfax may be familiar with our stores, we look forward to serving them locally and becoming an integral part of their community. We would like to thank Jim for the opportunity to carry-on this family-owned business, where he has served the community since 1994.”
A press release noted that Fareway is committed to providing only the best in fresh, high quality products, with farm-fresh produce, competitive prices, and high quality customer service.
Fareway will interview existing Shugar’s employees in the coming days and anticipates the store being closed beginning in early January for a brief period, and reopening as soon as possible.
“Kim and I, and our daughter Jenny, are so happy for our great customers and the community that has supported us for the past 26 years. We feel confident leaving them in Fareway’s care,” said Jim Shugar.
Colfax City Administrator Wade R. Wagoner, also commented on the exciting acquisition.
“The City of Colfax is beyond excited to welcome Fareway to our community,” he said. “Fareway will provide a world class grocery experience in our community for the foreseeable future. We are so proud they have chosen to remain in our historic downtown and be the bellwether anchor for the district. With new subdivisions, exciting changes at Quarry Springs, a new City Hall, and now welcoming Fareway into our downtown, the community of Colfax has much to be excited about.”
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