IRON RIVER — The parent company of the Super One and County Market grocery store chains has reached a tentative agreement to buy Angeli Foods in Iron River.

The store will be renamed Super One Foods immediately after purchase, Minnesota-based Miner’s Inc. announced Tuesday. The purchase price was not disclosed.

The Angeli family, fourth-generation grocers, have operated retail grocery stores in the region since 1917.

“This decision was very difficult, but we decided that the time was right to retire from the grocery business,” said Fred Angeli, president of Angeli Foods Company. “As a family-owned regional retail grocery company, Miner’s is best positioned to serve our customers and the community. We also believe that the Miner’s organization is a good fit for our employees. I’d like to thank my employees for all their hard work and for everything they’ve done. We wouldn’t have been successful for over 100 years without them.”

Miner’s also is a fourth-generation, family-owned grocery retailer, doing business as Super One Foods, County Market and Woodland Marketplace Foods. It has been in business since the 1940s.

“We are excited about acquiring the Angeli family’s store,” said Jim Miner Jr., president of Miner’s Incorporated. “Miner’s is continually exploring ways to grow our grocery business and we look forward to integrating this location into our organization. Adding this store location presents our company with an opportunity to grow our presence in the Upper Peninsula of Michigan and earn a stronger customer base by delivering the low prices and better choices that our loyal patrons enjoy today.”

The new Super One Foods store will undergo many transitional changes initially, including but not limited to changes in retail pricing, relocation of products and rebranding. Angeli Foods’ 124 employees will be offered interviews with Super One Foods.

“Miner’s is excited to immediately invest into the new marketplace with a significant remodel planned for the months ahead,” Miner said. “The changes will take the great foundation and success that Fred Angeli and his team created and build upon that to enhance customer offerings and meet new customer needs.”

Miner added, “We believe that acquiring the Angeli Foods store demonstrates Miner’s commitment to the local community and our strong desire to maintain a significant presence in this market for the foreseeable future.”

The transaction is currently in the due diligence phase and is scheduled to close in the next couple of months.

With the purchase of the Iron River property, Miner’s will own and operate 32 retail grocery stores and 10 liquor stores across northern Minnesota, Wisconsin and Michigan. Miner’s Inc.’s Super One Foods headquarters are in Hermantown, Minn.