Coborn’s Acquires Mike’s Super Valu

ST. CLOUD, Minn. — Coborn’s Inc. here said it has acquired Mike’s Super Valu, an independent store in Watford City, N.D., and said it would transfer its employees to a new Cash Wise store Coborn’s is building in the same city.

The store was acquired from Mike and Sue Tschetter, who have operated it for 29 years. Terms were not disclosed. The new Cash Wise store is expected to open this summer, Coborn’s said.

“Mike’s Super Valu is a strong store with an outstanding team of dedicated employees,” Chris Coborn, Coborn’s president and chief executive officer said. “They have a long history of being a part of the city. They know their customers and the market, and are very involved with the community. Their understanding and involvement in Watford City will be invaluable as we move full steam ahead with our North Dakota expansion efforts.”

Read more: Coborn's to Build 5 Stores in North Dakota