Happy Harry's Pharmacy Chain to Merge with Walgreens - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Happy Harry's Pharmacy Chain to Merge with Walgreens

(Photo: AP) (Photo: AP)

06/05/2006

DEERFIELD, Ill. (AP)- The Delaware-based Happy Harry's pharmacy chain has agreed to a merger with Walgreens.

The transaction includes all 76 Happy Harry's stores in Delaware, Pennsylvania, Maryland and New Jersey, and the corporate office and distribution center in Newark, Del. Financial terms of the agreement have not been disclosed.

The merger was announced Monday by Walgreen Chairman and CEO Dave Bernauer and Happy Harry's Chairman and CEO Alan Levin.

Bernauer called Happy Harry's one of the strongest regional chains in the drugstore industry. Levin's father Harry Levin founded Happy Harry's in 1962.

The merger is subject to regulatory approval. Walgreens vice president of store operations Frank Grilli says Happy Harry's customers will see the same service levels and same employees in the stores. He says the Walgreens name will be used at the eight stores in Pennsylvania, but the company plans to keep the Happy Harry's name elsewhere, at least for now.

Levin will continue working with Walgreens.

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