Nugget Markets announced Wednesday that it has acquired Paradise Foods, which operates markets in the Marin County communities of Novato, Corte Madera and Tiburon.
Financial terms of the deal were not disclosed.
Kate Stille, spokeswoman for the Woodland company, said all three stores ultimately will be converted to Nuggets.
“Eventually, what we’ll do is remodel each one of the stores ... and once that’s completed, they’ll become a Nugget Market,” she said. “We’re looking at a few months for each store. It will be a gradual rollout. We’re very excited. … It’s a family-owned business.”
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In a statement accompanying the announcement, Nugget President and CEO Eric Stille said: “We’ve been looking to expand into the Marin community for a number of years and when (Paradise Foods President David Gilmour) approached us, I knew it was a perfect fit. Paradise Foods and Nugget Markets share similar goals and values, and we both have built our businesses on quality, selection and service.”
Kate Stille said there are 150 employees at the three Paradise Foods stores. The chain started in Marin County 14 years ago.
In a statement, Paradise’s Gilmour said: “I am thrilled to have found a strong retailer that will continue to offer my employees a dynamic culture and a secure work environment, while maintaining a strong focus on quality perishables, local and organic groceries, and our community.”
Nugget Markets was founded 88 years ago by the grandfather and great-grandfather of Eric Stille. The grocer has been a mainstay on Fortune magazine’s annual list of the nation’s “100 Best Companies to Work For.”
Nugget Markets currently operates nine Nugget Markets in the greater Sacramento Valley – including Sacramento, West Sacramento, Roseville, Elk Grove and El Dorado Hills – along with two Food 4 Less stores in Woodland and Vallejo, and one Fork Lift by Nugget Markets store in Cameron Park.
Call The Bee’s Mark Glover, (916) 321-1184.