ST. LOUIS, Mo. (WRN) — A regional supermarket merger is finalized.
Missouri based Schnuck Markets’ holding company, the 1939 Group, has completed acquisition of Wisconsin-based Festival Foods and Hometown Grocers. The deal increases the total store network to 164 locations and expands the group’s employee count by 8,000.
The 51 Festival Foods and Hometown Grocers in Wisconsin join 113 Schnuck Markets in Missouri, Illinois and Indiana. Those include locations in Chippewa Falls, Eau Claire and Hudson, and a Hometown Grocer in Thorp.
The deal announced in September includes purchase of shares held by Festival Foods and Hometown Grocers CEO Mark Skogen, along with those held by employees through a stock ownership plan.