The agreement to sell Boots comes a little more than a year after a private equity firm bought Walgreens Boots Alliance, and ...

TORONTO — The family behind Canada's biggest pharmacy and grocery chains is growing its empire with the acquisition of U.K. drugstore Boots.

The Weston family holding company Wittington Investments said Wednesday that it will purchase the U.K. chain Boots for $8.9 billion US, including debt, from private equity firm Sycamore Partners.

The private-equity firm Sycamore Partners is in talks with the billionaire Weston family about a deal valued at roughly $9 billion, including debt.

Boots has been acquired by Wittington Investments, the holding company of Canada's Weston family, in a deal worth approximately £7 billion ($8.9 billion).

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The family behind Canada's biggest pharmacy and grocery chains is growing its empire with the acquisition of U.K. drugstore Boots.