Hy-Vee has announced plans to acquire the Strack & Van Til Food Market chain (also known as Indiana Grocery Group), 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.
“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,” said CEO Jeremy Gosch. “We look forward to welcoming Strack & Van Til’s approximately 2,800 employees into the Hy-Vee family in the weeks to come.”
The grocer will maintain its name and operate as a subsidiary under Hy-Vee, 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.
“As Northwest Indiana’s No. 1 grocery store, we know Hy-Vee is the perfect partner,” said Jeff Strack, CEO and president. “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.”
With the acquisition expected to be finalized in early May, Hy-Vee will be a member of Associated Wholesale Grocers (AWG), which supplies the grocer’s stores in Northwest Indiana. They will continue to be served through its own supply chain facilities, located in Ankeny, Chariton, Cherokee and Cumming, Iowa.
“Much like [our] founders Charles Hyde and David Vredenberg, Strack & Van Til’s growth and success remains rooted in the philosophy and principles of its two founders Ernie Strack and Nick Van Til,” said Randy Edeker, executive chairman of the board.
“Like Hy-Vee, the Strack & Van Til chain is also committed to delivering everyday value and providing quality groceries, perishables and freshly prepared foods. As we remain focused on our future growth, Strack & Van Til is a great addition to the Hy-Vee family.”
Read more independent store news from The Shelby Report.
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