Overview

• The 1939 Group agreed to purchase 100% of the Wisconsin-based parent of Skogen’s Festival Foods and Hometown Grocers, including shares held through an employee stock ownership plan.
• The transaction covers 51 Wisconsin stores, comprising 42 Festival Foods locations and nine Hometown Grocers banners.
• Todd Schnuck will become chairman and CEO of the 1939 Group, leading Schnuck Markets, Festival Foods and Hometown Grocers.
• Festival Foods CEO Mark Skogen will step down after the sale closes, as the companies retain their existing names and headquarters in Onalaska and Green Bay.
• The combined footprint will total about 164 supermarkets across Missouri, Illinois, Indiana and Wisconsin with a workforce of roughly 19,000 employees.