The owners of Island Food Products have signed a purchase and sale agreement to buy the historic Oak Bluffs grocery Tony’s Market, marking a first foray into retail for IFP.

Tony’s Market, a grocery store in business at the same location in Oak Bluffs since 1877, has promoted store manager Kelly Hill to vice president, chief of operations. She also was elected a director of the company. Mrs. Hill has worked continuously at Tony’s since April, 1995 and has been its store manager since September, 2001. Previously the store has been managed only by its owners, the members of various families during its 133-year history.

Kelly lives in Oak Bluffs with her husband, David Hill, and two children.