Ownership of Budwey's grocery stores changing hands
A local supermarket chain, founded in 1922, is being sold.
Frank Budwey, who owns the three area Budwey's supermarkets, is selling the stores to Olean Wholesale, which is its supplier. Olean Wholesale plans to keep the Budwey's name due to its following and the 430 people who work at the stores in Buffalo, North Tonawanda and Newfane will be retained.
Olean supplies about 100 stores in Western and Central New York, northwestern Pennsylvania, and northeastern Ohio. The supplier said any sale talk is still premature, but Budwey says the sale could be complete by the end of the year, if not sooner.
Frank Budwey will reportedly lease the three stores on properties that he owns. The Budwey family has been in the grocery business since 1922.