DePERE, Wis. (WRN) — A Wisconsin supermarket chain will have new ownership.
The latest consolidation in the industry will have St. Louis based Schnucks Markets buying 100% of the shares of DePere based Skogen’s Festival Foods and its Hometown Grocers. The deal includes shares in the trust of the employee stock ownership plan.
Schnucks, Festival Foods and Hometown Grocers will become part of the new 1939 Group, named for the year the first Schnucks store opened.
Festival Foods has more than 40 locations around Wisconsin, including Chippewa Falls, Eau Claire and Hudson, and a Hometown Grocer in Thorp. Schnucks currently has a single store in Janesville. Both will maintain their separate corporate headquarters.
