Overview
- The transaction closed Sunday, bringing 51 Wisconsin stores into the Schnucks family of companies.
- The combined operation now spans four states with 164 locations and about 8,000 additional employees.
- Festival Foods’ 42 stores and Hometown Grocers’ nine stores will retain their branding and current headquarters.
- Todd Schnuck will serve as CEO of both banners following the departure of longtime Festival Foods leader Mark Skogen.
- The deal includes the purchase of shares held by Skogen and employees through an ESOP, according to company statements.