The Giant Co., which operates locally under the Giant and Martin’s brands, will acquire the Everett Foodliner and the Saxton Market, the company announced Thursday.

The purchase agreement for the two grocery stores, currently owned and operated by Bob and Joe Appleby, include both the real estate and related grocery and fuel business assets. The terms of the agreement were not made public.

On Wednesday, Bob’s wife Lisa said the decision to sell the stores was difficult, as Bob and Joe have each worked in the groceries for more than 50 years.

“We know everybody that comes in,” she said, explaining that when the decision to sell was made, they wanted to do their “best for the community” and ensure grocery stores would remain available.

“We are deeply grateful for the decades of commitment the Appleby family has shown to Everett and Saxton,” said Jennifer Marsh, president and CEO of the Bedford County Development Association.

“Bob and Joe Appleby have been more than business owners, they’ve been steady community partners who understood the critical role local grocery stores play in small towns. Their decision to sell to Giant helps ensure these stores remain strong, full-service anchors in our downtowns.”

Much like the Everett Foodliner’s history, which has been in the Appleby family for decades, The Giant Co.’s story began more than 100 years ago, when two brothers opened their first store in Carlisle.

John Ruane, president of The Giant Co., said the firm is “honored that the Appleby family has placed their trust in us and chose us to continue their legacy of serving families in Everett and Saxton.”

“While it was a difficult decision to make, we are pleased by the care Giant has shown for our business, employees and customers,” Bob and Joe Appleby said.

After the sale closes, both the Everett Foodliner and Saxton Market will be closed for remodeling, Giant said in a news release.

Additional details on amenities, hours and opening dates will be shared at a later date.

Employees of both groceries will have the opportunity to interview for positions with Giant.

“Expanding in existing markets is a key element of Giant’s strategic growth plan,” Ruane said. “We look forward to working closely with Bob and Joe on the transition, welcoming our new team members, and delivering value, freshness and kindness to our new customers.”

The company currently operates four Martin’s stores in the Altoona-Johns­town market, employing nearly 600 team members.

“We know our family business is in good hands with Giant and we can’t wait to celebrate with them when the stores reopen later this year,” the Applebys said.

Marsh said maintaining continuity in the communities served by the groceries is important.

“Access to essential goods close to home supports residents, drives foot traffic for nearby businesses and keeps our communities vibrant,” Marsh said.

Retaining and creating local jobs is fundamental to economic development, she added.

“This transition reflects the Appleby family’s continued care for the region and positions both communities for long-term stability,” Marsh said.