Homeland, an employee-owned retailer that is part of Oklahoma City-based HAC Inc., is buying five stores from RPCS Inc. Four Food Pyramid stores—two in Ponca City and one each in Stillwater and Bartlesville, Okla.—and one Discount Foods in Ponca City will be rebranded as Homeland beginning in 2020. All employees can apply for positions with HAC, which will take control of the stores beginning in November.
Terms of the deal were not disclosed.
The acquisition provides the company's first stores in Stillwater and Ponca City for Homeland, which operates 30 locations in Oklahoma. All of the new locations will add more Made in Oklahoma and signature Homeland items in the coming months, and the company plans to replace registers and upgrade existing facilities, Homeland said.
“As an Oklahoma City-based company, Homeland is excited to increase our family of employee owners while serving many new customers and building upon our mission of being a company of Oklahomans feeding Oklahomans,” said President and CEO Marc Jones. “We have worked hard to ensure that this transition is smooth and meets the needs of all Food Pyramid and Ponca City Discount customers. As official sponsors of both [the University of Oklahoma] and [Oklahoma State University] athletics, we are especially excited to have a location in Oklahoma State University’s home of Stillwater.”
Homeland is the largest banner of HAC, which operates a total of 74 stores in Oklahoma, Texas, Kansas and Georgia. Its other banners include Food World, Piggly Wiggly, Country Mart, United, Cash Saver and Super Save.
RPCS, based in Springfield, Mo., operates 47 stores under a variety of banners, including the five to be sold to Homeland. Both retailers are serviced through the Associated Wholesale Grocers cooperative.