Hy-Vee says it is in the process of acquiring the Strack & Van Til food market chain — also known as Indiana Grocery Group LLC — which has store locations throughout northwest Indiana.
The acquisition will add 22 stores to Hy-Vee’s more than 550 retail business units, which include grocery stores, drugstores, pharmacies, restaurants and convenience stores that focus on meal solutions for busy families, according to a news release.
“As our company continues to expand into Indiana and the Southeast region, Strack & Van Til’s customer-centric focus and company vision to ‘make lives easier’ aligns with Hy-Vee’s values and growth strategy,” Hy-Vee CEO Jeremy Gosch said in the release. “We look forward to welcoming Strack & Van Til’s approximately 2,800 employees into the Hy-Vee family in the weeks to come.”
Strack & Van Til will maintain its name and operate as a subsidiary under Hy-Vee Inc., much like the parent company’s other subsidiaries, which include Midwest Heritage, Perishable Distributors of Iowa, D&D Foods, Amber Specialty Pharmacy, Vivid Clear Rx and Wall to Wall Wine and Spirits, among others, the release said.
“As Northwest Indiana’s No. 1 grocery store, we know Hy-Vee is the perfect partner,” Jeff Strack, CEO and president of Strack & Van Til, said in the release. “With our combined focus on providing excellent customer service, taking care of our employees and giving back to our local communities, we believe this acquisition is a win-win for both our associates and our company.”
“Like Hy-Vee, the Strack & Van Til chain is also committed to delivering everyday value and providing quality groceries, perishables and freshly prepared foods,” Randy Edeker, executive chairman of the board for Hy-Vee, said in the relase. “As we remain focused on our future growth, Strack & Van Til is a great addition to the Hy-Vee family.”
With the acquisition expected to be finalized in early May, Hy-Vee is now a member of Associated Wholesale Grocers, which supplies Strack & Van Til’s stores in northwest Indiana, the release said. Hy-Vee’s grocery stores will continue to be served through its own supply chain facilities, located in Ankeny, Chariton, Cherokee and Cumming, Iowa.
Hy-Vee to acquire Strack & Van Til food market chain
Hy-Vee says the acquisition will add 22 stores to its more than 550 retail business units.
(Hy-Vee)
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