Ricker’s president and CEO to join Giant Eagle.
Giant Eagle is acquiring Indiana-based Ricker Oil Co. Inc., which owns 56 Ricker’s convenience stores.
According to a report in the Indianapolis Business Journal the deal is set to close by the end of the month, although financial terms were not disclosed.
Pittsburgh-based Giant Eagle, operates 410 stores (about 200 supermarkets and 210 convenience stores/gas stations) in five states.
According to Ricker’s Chairman Jay Ricker, Giant Eagle plans to retain all of Ricker’s 850 employees.
Ricker’s President and CEO Quinn Ricker, is set to join Giant Eagle to oversee operations of the Indiana properties. Ricker’s is scheduled to open its 57th store later this month.