After a discount chain closed, Ollie’s purchased 11 of its locations

Ollies Bargain Outlet has purchased 11 former 99 Cents Only Stores locations.

The Lower Paxton Township-based discount retailer has announced that the United States Bankruptcy Court for the District of Delaware approved the company’s bid to acquire the former 99 Cents Only Stores locations for $14.6 million.

The locations were acquired through the auction process held in connection with 99 Cents Only Stores’ bankruptcy proceedings.

Of the eleven store locations, three of the locations are owned properties and eight are leased properties, located across Texas. The acquisition is expected to close in early June.

“We are very excited to be announced as the winning bidder of these store locations. These stores are the right size, located in good trade areas, have attractive rents and leasing structures, and have been serving value-oriented customers for many years. Texas is a great market for us that has tremendous growth potential and continues to benefit from strong population growth,” John Swygert, president and CEO of Ollie’s, said in a news release.

Swygert said the retailer plans to open the stores as soon as possible.

Ollie’s sells a variety of products including housewares, food, books, bed and bath items, floor coverings, toys, and health and beauty aids, among other items. The store focuses on closeouts. Ollie’s has 516 stores in 30 states. Ollie’s plans to open 50 stores this year and close two. The company’s nationwide goal is to eventually open 1,300 stores.

Discount retailer, 99 Cents Only Stores, has closed all of its locations.