Joyce’s Supermarket Group announced today (Thursday ) that it has entered into an agreement to acquire the assets of the Nestor’s Supermarket Group in Galway — a move that will see the creation of four new Joyces stores in the city and county.
Nestor’s supermarkets, which are currently in receivership, include Nestor’s stores at Fr Griffin Road, Ballybane, Oranmore, and Doughiska.
Once the proposed transaction is completed, Nestor’s stores will be re-branded under the Joyce name. The completion of the proposed transaction is subject to certain conditions, including approval by the Competition and Consumer Protection Commission.
Managing director of Joyce’s Supermarket Group, Pat Joyce, commenting on the planned expansion, told the Advertiser last evening that the acquisition came about because his company is always open to exploring opportunities for growth.
“Once the requisite approvals are obtained, we look forward to working with the employees at each of the locations to develop four new Joyce’s supermarkets.
“We pride ourselves in providing a wide range of locally-sourced products to customers throughout our existing stores and welcome the opportunity to offer the same level of quality in four additional Joyce’s outlets,” he said.
Established in 1951, Joyce’s is a local Galway company with stores in Headford, Athenry, Tuam, Indreabhan, and Knocknacarra. The family-owned and operated company is committed to sustaining employment and increasing investment in Galway.
The proposed transaction would allow for additional career and promotion opportunities for both existing and new employees. Furthermore, local growers and suppliers will benefit from an enhanced route to market.
For 66 years, Joyce’s have consistently shown its commitment to employees, communities, suppliers and customers and has built a stellar reputation for quality products and excellent customer service
Joyce’s Supermarket Group said that they would like to thank its advisors Mazars Corporate Finance for their advice and execution capability on this transaction.