|Updated: 8/14/2013 3:41 pm
||Published: 8/14/2013 3:39 pm
The owner of five Food Pyramid grocery stores in Tulsa, announced the impending sale of five stores.
RPCS acquired the five Tulsa stores from Albertson’s in July of 2007 and changed the banner to Food Pyramid.
“Our commitment to the Oklahoma market remains vital to our long-range strategic plan and this transaction will better position us to strengthen our other Oklahoma stores. An opportunity was presented when a national company (not in the grocery business) contacted us with interest in three of our Tulsa locations,” explained Erick Taylor, President and CEO of RPCS, “and while negotiations with the national tenant continue, we believe the City of Tulsa will be very excited with their arrival, if the terms are finalized."
The national tenant is evaluating the three stores at 4818 East 80th Street South, 7990 East 51st Street, and the building at 10122 South Memorial.
Reasor’s Foods is acquiring the remaining three stores located at 11214 East 71st Street South, 3328 East 51st Street, and 3915 South Peoria.
“We did not make the decision to exit the Tulsa market lightly. We know the impact will be felt by our shoppers and dedicated associates who have so loyally supported us these past six years,” said Taylor.
“I’m pleased we were able to work with the Reasor’s organization. Like us, they are an independent, employee-owner grocer,” noted Taylor.
He went on to say, “It is our intention to offer positions available at our remaining Oklahoma stores to many associates currently working in our Tulsa locations and also to work with Reasor’s to provide assistance in their consideration of offers to some of our Tulsa team associates.”
“We greatly appreciate the support we have received from both the Tulsa community and our shoppers”, emphasized Taylor.
Reasor’s Foods will acquire the Food Pyramid store at 3915 South Peoria on or about September 3, 2013.
The Food Pyramid stores at 4818 East 80th Street South and 7990 East 51st Street will close on September 3, 2013.
The remaining two stores at 11214 East 71st Street South and 3328 East 51st Street will be acquired by Reasor’s Foods in early October 2013.
RCPS will continue to operate 41 stores in Missouri, one store in Kansas, and six in Oklahoma; including Cushing, Stillwater, Ponca City and Bartlesville.