Kroger selling Turkey Hill Minit Marts, others for $2B
British convenience store operator EG Group is buying Kroger’s convenience store unit, which includes Turkey Hill Minit Marts, for $2.15 billion as it expands into the U.S.
Kroger and other grocery store operators have been facing tougher competition from companies, including Walmart and Amazon. The Cincinnati company has been considering a sale of its convenience store operations, which also operate under the names Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop, since October.
EG Group expects to close the purchase of the Kroger’s business unit early this year. The acquisition includes 66 locations in 18 states employing 11,000 workers.
EG Group will base its North American headquarters in Cincinnati.
Kroger plans to use proceeds from the sale to buy back stock and pay down debt.
Blair Chamber plans speed networking event
The Blair County Chamber of Commerce Small Business Partners will host a speed networking event from 3 to 4:30 p.m. Feb. 20 at the Devorris Center for Business Development, 3900 Industrial Park Drive.
The cost to attend is $10 for chamber members and $20 for nonmembers.
For additional information or to register, contact the chamber at 943-8151, or register online at www.blairchamber.com.
Central Pennsylvania Institute renames center
The Central Pennsylvania Institute of Science and Technology Transportation Center will now be known as the Hawbaker Transportation Training Center.
According to CPI President Richard Makin, as a result of years of financial, technical and personal support from the Hawbaker family, including the donation of more than $1 million in grants and donations, officials at CPI made the decision to honor the Hawbaker family with the Transportation Training Center renaming.
The Hawbaker Transportation Training Center is adjacent to CPI’s main campus facility and its existing six-acre Heavy Equipment Operations Training Ground. The HTTC includes a 35,000-square-foot training building, a 23,0000square-foot paved diesel yard and a 12,000-square-foot paved heavy equipment yard.
Human resources group to meet at Park Hills CC
The Human Resource Management Association of Blair County will meet from 7:45 to 9 a.m. Feb. 21 at Park Hills Country Club.
The program “Healthcare Trends,” presented by Beckie Beck of L.R. Webber Associates, will focus on trends being used nationally to address cost drivers within health care plans and creative ways to create a landscape of improved health and well-being for plan participants.
The cost to attend is $30 for nonmembers; there is no cost for HRMA members. A buffet breakfast is included. Register online at www.hrmabc.org.