Fay's Drug
Fay's Drug was a chain of drug stores that was founded in 1958 in Fairmount, New York. At its height, Fay's Drugs operated its core business, along with Wheels Discount Auto and The Paper Cutter Books and Office and Party Supply. History Beginning In 1958, the first Fay's Drug Store was opened in Fairmount, New York by Henry A. Panasci, Jr. and his father Henry Panasci Sr. The store was named after Faye Panasci, wife of Henry Panasci, Jr. Fay's steadily grew in Central New York—the resulting Fay's Drugs Company, Inc. was incorporated on October 20, 1966 and Fay's Drugs opened its headquarters in Syracuse, New York with the bulk of its operations residing in Liverpool, New York. At its peak there were over 300 stores operating in New York and Northeast Pennsylvania. Fay's enjoyed #1 market share in Buffalo, Rochester, Syracuse and Albany. Acquisitions In 1979 Fay's acquired the Key Drug store chain in Rochester, NY and converted them to Fay's; further expanding their Rochester area market. In 1991, Fay's Drugs acquired the 48 drug stores operated by Victory Markets as Carls Drugs. Carls Drugs was founded by Carl Panasci, brother and uncle to the Fay's Drugs founders. Divestures