Employee-owned Hy-Vee Inc. is planning to acquire the Strack & Van Til Food Market chain.
Strack & Van Til, which was started in 1959, has 22 stores in Northwest Indiana.
“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 press release. “We look forward to welcoming Strack & Van Til’s approximately 2,800 employees into the Hy-Vee family in the weeks to come.”
Hy-Vee owns more than 550 retail locations, including grocery stores, drug stores, pharmacies, restaurants and convenience stores.
Strack & Van Til will keep its name and become 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. “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 acquisition is expected to be complete by early May.
Des Moines, Iowa-based Hy-Vee was founded in 1930 and employs more than 75,000 people.
