Hy-Vee to Acquire Strack & Van Til Food Market
Hy-Vee 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.
“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 Jeremy Gosch, Hy-Vee’s CEO, in a statement. “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, Wall to Wall Wine and Spirits, and others.
“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. “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 is now a member of Associated Wholesale Grocers, which supplies Strack & Van Til’s stores in Northwest Indiana. Hy-Vee’s grocery stores will continue to be served through its own supply chain facilities, located in Ankeny, Chariton, Cherokee and Cumming, Iowa.