80-Year-Old Grocery Chain Terrel's Markets Acquired by Ridley's Family Markets

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Terrel's Markets, a regional grocery store brand that has been operating in Utah since 1946, has been acquired by Ridley's Family Markets. The transaction is expected to be completed in early April 2026, at which point Terrel's six store locations will be rebranded under Ridley's or Macey's banners. All Terrel's employees will be offered jobs by the new owner as part of the transition.

Why it matters

The closure of Terrel's Markets, a longstanding community grocery retailer, highlights the ongoing challenges facing independent and regional grocery chains as they compete with larger discount and online grocery players. However, the acquisition by Ridley's, another family-owned grocer with deep roots in the region, suggests an opportunity to preserve Terrel's legacy and customer loyalty.

The details

Terrel's Markets was founded in 1946 and operated multiple locations across central Utah, including in the cities of Fillmore, Gunnison, Mount Pleasant, Nephi, Payson, and Santaquin. The company was known for its commitment to community and customer service. Ridley's Family Markets, which operates just under 40 locations in the Intermountain West, announced the acquisition agreement on February 2, 2026. Ridley's plans to transition the Terrel's stores to either its Ridley's Family Markets or Macey's banners.

• Terrel's Markets was founded in 1946.
• On February 2, 2026, Ridley's Family Markets announced the acquisition of Terrel's Markets.
• The transaction is expected to be completed during or near the first week of April 2026.

What’s next

Ridley's Family Markets plans to complete the acquisition of Terrel's Markets and begin transitioning the six Terrel's locations to Ridley's or Macey's banners during or near the first week of April 2026.