Two North Country companies are merging to become more efficient.
Seaway Valley Capital Corp., which owns Hacketts stores is merging with North Country Hospitality.
The latter company owns the Sackets Harbor Brewing Co., Goodfello's in Sackets, Sackets Cantina, five Jreck Subs franchises and Alteri's Bakery in Watertown.
The transaction is valued at about $11.7 million.
"We have already identified opportunities between our retail operations of Hackett's and certain North Country companies, whereby each could immediately benefit from a closer relationship with one another," said Tom Scozzafava, Seaway's founder and CEO.
Christopher Swartz, President and CEO of North Country Hospitality said,
"North Country is carrying out a strategy based on a platform of acquiring businesses that promise potentially many years of growth, not only for the operations located in the North Country, but also in the retail product development and distribution that is expanding well beyond the local area."
