Schnuck Markets expands with 51-store acquisition
Schnuck Markets expands with 51-store acquisition
Todd Schnuck, chairman and CEO of Schnuck Markets Inc., announced the 1939 Group Inc.’s definitive agreement to purchase 100 percent of the shares of the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers Inc. The purchase includes shares held by Mark Skogen, CEO of Festival Foods and Hometown Grocers Inc, as well as the shares in the trust held by associates in their Employee Stock Ownership Plan. The 1939 Group is owned by the family that owns Schnuck Markets Inc., whose name honors the year the family’s matriarch, Anna Donovan Schnuck, opened the first store in