Kerr Drug was an American chain of 76 drug stores throughout North Carolina. Its headquarters were located in Raleigh, North Carolina. On September 10, 2013, Walgreens announced its purchase of Kerr. History The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by JCPenney. In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores. These stores were ultimately purchased by a group led by former Thrift Drug executives led by Anthony Civello who became Kerr Drug's President & CEO who left the JC Penney organization following the Eckerd acquisition. In 2013, Walgreens purchased the remaining Kerr Drug stores and its distribution center. References External links Kerr Drug Online Health care companies based in North Carolina Defunct companies based in North Carolina Defunct pharmacies of the United States Companies based in Raleigh, North Carolina Retail companies established in 1951 Retail companies disestablished in 2013 1951 establishments in North Carolina 2013 disestablishments in North Carolina 2013 mergers and acquisitions Walgreens Boots Alliance