Puregold Price Club Inc. said it is acquiring 14 DiviMart Supermarkets, including the leasehold improvements, furniture, fixtures, equipment, and merchandise inventory.
Puregold said it has signed the agreement for the purchase of the DiviMart supermarkets which to Puregold stores.
“The acquisition will further expand the reach of Puregold to a broader market. These 14 stores are located in Angat, Bulacan; Mapulang Lupa, Pandi, Bulacan; Morong, Bataan; Cabanatuan City, Nueva Ecija; Olongapo City; San Isidro, Taytay, Rizal; San Miguel, Pasig City; Manggahan, General Trias, Cavite; Mambog, Bacoor, Cavite; Pulo, Cabuyao, Laguna; Tayuman, Manila; Aliaga, Nueva Ecija; San Juan, Taytay, Rizal; Pulilan, Bulacan.
“Additional 18 Divimart locations will be evaluated for possible conversion to Puregold stores,” the company said.
DiviMart was established by Harry Uy and Vivian Ong Juanitas in 1989. The company has more than 30 branches nationwide and is known for its low prices and wide selection of goods.
DiviMart offers a variety of products, including fresh produce, meat, seafood, dairy, baked goods, frozen foods, snacks, beverages, household goods, and personal care items.
