Hy-Vee, Inc. is now 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. “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., similar to 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.
With the acquisition expected to be finalized in early May, Hy-Vee is now a member of Associated Wholesale Grocers (AWG), 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.
Hy-Vee, Inc. is an employee-owned corporation operating more than 550 business units across eight Midwestern states with sales of more than $13 billion annually and some 75,000 employees.
