Homeland (HAC Inc.), an Oklahoma employee-owned company, has entered into an agreement to buy the GFF Foods grocery store located at 1219 N. Santa Fe Avenue in Moore, Oklahoma, from Charlie Bert, Michael Pyle and Terry Gafford.
The store will be re-bannered as a Cash Saver in early April, making it the 18th low cost format in the chain. HAC Inc. will allow all existing employees to apply for positions within the company.
Cash Saver operates with a model of selling at cost plus a 10 percent markup at the register, and therefore will be lowering thousands of prices. Cash Saver will continue to operate the smokehouse in a brand-new facility located in the parking lot and at the front of the store. Plans include more than $300,000 in capital improvements and modernizations.
“As an Oklahoma City-based company, Homeland is excited to increase our family of employee owners while serving many new customers and building upon our mission of being a company of ‘Oklahomans feeding Oklahomans,’” said Marc Jones, CEO and president. “We have worked hard to ensure that this transition is smooth and meets the needs of all GFF customers. Charlie and his team have built a business dedicated to serving the community around the store. We are excited about continuing to focus on this neighborhood.”
As of 2020, HAC operates 78 grocery stores in Oklahoma, Texas, Kansas and Georgia. HAC Inc. operates under multiple banners including Food World, Piggly Wiggly, Country Mart, United, Cash Saver, Super Save, Food Pyramid and Homeland. Homeland is HAC Inc.’s largest banner as well as Oklahoma’s largest locally-owned grocery store chain, with 30 locations statewide. Homeland has been 100 percent employee owned since 2011. The company traces its roots back to 1916, when the first United Supermarket was opened.