Todd Schnuck, chairman and CEO of 1939 Group, Inc., confirmed the completion of the purchase of Festival Foods and Hometown Grocers. The completed transaction brings the new family of companies’ store footprint to 164 stores. In Wisconsin, Festival Foods operates 42 stores and Hometown Grocers operates nine stores. Schnuck Markets operates 113 stores in Missouri, Illinois and Indiana.
Festival Foods, Hometown Grocers and Schnucks will continue operating under their existing banners — guided by shared values, community engagement and an unwavering dedication to delivering exceptional experiences for every guest, according to a news release.
By joining forces, powered by strong legacies, the family-owned companies — Festival Foods, Hometown Grocers and Schnucks — are poised to accelerate growth and set a new standard for what it means to be a regional grocer, the release says. Fueled by the strength of 1939 Group, the family of companies can look forward to continued investment and innovation amid a rapidly evolving retail landscape.
As chairman and CEO of Schnuck Markets and 1939 Group, Todd Schnuck assumes the role of chairman and CEO for Festival Foods and Hometown Grocers — continuing the legacy of departing CEO Mark Skogen, whose servant leadership and deep commitment to treating every customer as a valued guest have long defined the company’s culture, the release says.
“As we celebrate today’s milestone, we also recognize that our teams are entering the busiest season of the year,” Schnuck says. “Our top priority remains clear — keeping Festival Foods, Hometown Grocers and Schnucks’ teammates focused on serving and delighting our guests.”
