Tesco Ireland has announced a deal to buy ten Joyce's Supermarkets retail stores in Galway for an undisclosed sum.
The supermarkets currently operate under the Joyce family's independent brand and will be rebranded and designed as Tesco stores during 2022 on a phased basis.
The acquisition is still subject to the approval of the Competition and Consumer Protection Commission (CCPC).
The family business was set up in Headford in 1951 with a small grocery store, and now also operates supermarkets in Knocknacarra, Athenry, Tuam, Inverin, Ballybane, Fr Griffin Road, Doughiska, Oranmore and Oughterard.
The group employs over 500 people.
Pat Joyce, Managing Director of Joyce's Supermarkets, said today's deal was a historic moment for his business.
Tesco Ireland has 151 stores nationwide and five in Galway.