INDIANA, USA — Midwest grocery giant Hy-Vee is adding some new stores to its ranks.
Hy-Vee, Inc. announced Wednesday it would acquire Strack & Van Til Food Market, a northwest Indiana-based grocery store chain.
The purchase adds 22 stores to Hy-Vee's empire, which includes 550 retail business units. Hy-Vee reports there are approximately 2,800 employees working at Strack & Van Til locations.
“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 a statement.
Strack & Van Til will maintain its name and operate as a subsidiary of Hy-Vee.
“As Northwest Indiana’s No. 1 grocery store, we know Hy-Vee is the perfect partner,” said Jeff Strack, Strack & Van Til’s CEO and president, in a statement. “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.”
The two grocery store brands are united in "delivering everyday value and providing quality groceries, perishables and freshly prepared foods", according to Randy Edeker, Hy-Vee board chair.
The acquisition is expected to be finalized in early May.
Hy-Vee has grocery stores in eight other Midwestern states, including Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin.
