The Iowa-based retailer has announced that it is in the process of acquiring the Strack & Van Til Food Market grocery chain (also known as Indiana Grocery Group, LLC).
The acquisition will add 22 stores in Northwest Indiana to Hy-Vee’s more than 550 retail business units across eight states, 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.”
Upon closure of the deal, 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.
