Ingles Markets Inc was incorporated in 1965 under the laws of the State of North Carolina. The Company is a supermarket chain in the Southeast United States, operates 203 supermarkets in Georgia (73), North Carolina (70), South Carolina (36), Tennessee (21), Virginia (2) and Alabama (1). The Company locates its supermarkets mainly in suburban areas, small towns and rural communities. The Company operates three lines of business: retail grocery sales, shopping center rentals and a fluid dairy processing plant. Ingles supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise, as well as quality private label items. In addition, the Company focuses on selling high-growth, high-margin products to its customers through the development of certified organic products, bakery departments and prepared foods including delicatessen sections. The Company operates 91 in-store pharmacies and 74 fuel centers. The Company also operates two other lines of business, fluid dairy processing and shopping center rentals. The fluid dairy processing segment sells approximately 31% of its products to the retail grocery segment and approximately 69% of its products to third parties. Real estate ownership, including the shopping center rental segment, is an important component of the Company's operations, providing both operational and economic benefit. The Company owns and operates 68 shopping centers, of which 57 contain an Ingles supermarket, and owns 96 additional properties that contain a free-standing Ingles store. The Company also owns 19 undeveloped sites suitable for a free-standing store. The Company's owned real estate is generally located in the same geographic region as its supermarkets. The Company's main competitors are, Aldi, Inc., Bi-Lo, LLC., Food City, Food Lion, The Kroger Co., Publix Super Markets, Inc., Target Corporation, and Wal-Mart Stores, Inc. The Company is subject to regulation by a variety of governmental agencies, including, but not limited to, the U.S. Food and Drug Administration, the U.S. Department of Agriculture, the Occupational Health and Safety Administration and other federal, state and local agencies.