Purchase Could Lower Prices At Harris Teeter

Jul 10, 2013
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For the past five decades, Harris Teeter has been a locally-based company with a relatively small chain of regional supermarkets. Not anymore. The company announced Tuesday it’s being acquired by Kroger, the nation’s largest supermarket. What could the transformation from regional chain to national subsidiary could mean for you at checkout?

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Harris Teeter has finally found a buyer, and it's a big one. Kroger - the largest U.S. grocery store chain - is spending about $2.5 billion to buy the Matthews-based company. 

But don't expect a name change at your local stores. Kroger says it will continue to operate the Harris Teeter brand. 

Harris Teeter has been searching for a buyer for several months, and its CEO said in a press release the company is excited to become a part of Kroger.