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By Dominique Williams
Source: Yahoo! Finance
Save Mart Companies has gone through its second ownership changes in two years, and this time, it’s grown further from its family-owned roots.
The Jim Pattison Group — based in Canada — purchased Save Mart effective Tuesday, said President Ryan Barrington-Foote. The sale includes the Lucky and FoodMaxx stores.
The company will remain headquartered in Modesto and nothing will change, Barrington-Foote said. Save Mart will continue to run its business with its existing management team and employees.
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