B&R Stores Agrees to Acquire Allen’s Foods in Hastings
LINCOLN, Neb. August 4, 2020 – B&R Stores has entered into an agreement to purchase the Allen’s Food Store and The Wine Cellar from the Allen family in Hastings, NE. B&R Stores currently operate the Russ’s Market in the Hastings community. The transaction is expected to close by October 1st, 2020.
An Allen’s spokesperson said, “We are happy our long-time discussions with B&R Stores have resulted in this transaction. It was especially important for us to sell to a successful regional retailer that understands the Hastings community and shares many of our corporate values. We wish B&R Stores the very best and will do everything in our power to support them during and after this transaction. Allen’s and The Wine Cellar will retain their names after the sale. Of special importance, we want to communicate our sincere appreciation for the support we have received from our wonderful customers for these many years.”
“We are proud to announce the acquisition of longtime Hastings grocer Allen’s and The Wine Cellar”, said Mark Griffin, president of B&R Stores. “The Allen family has operated in Hastings for 62 years and they have built an outstanding reputation in the community. We intend to continue the legacy built by the Allen family by operating the store under their name and adhering to the values they have established over the years.”
B&R Stores, Inc. was founded in 1964 by Russ Raybould. The company has grown to include several supermarket banners including Russ’s Market, Super Saver, and Apple Market located in Nebraska and Iowa.