Overview

• The 1939 Group signed a definitive agreement to purchase 100% of the shares of Skogen’s Festival Foods and Hometown Grocers.
• The transaction covers 51 Wisconsin stores—42 Festival Foods locations and nine Hometown Grocers banners—with existing names to remain in place.
• Todd Schnuck will become Chairman and CEO of the 1939 Group overseeing Schnuck Markets, Festival Foods, and Hometown Grocers, while Mark Skogen will step down after closing.
• Festival Foods will retain its corporate offices in Onalaska and Green Bay, and the buyer remains based in St. Louis, Missouri.
• The companies expect to close in late October pending approvals, with a combined workforce of about 19,000 and more than 8,000 associates joining the Schnuck family enterprise.