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Hy-Vee Announces Plans to Acquire Strack & Van Til Food Market Chain; Jeremy Gosch, Randy Edeker, and Jeff Strack Share

Hy-Vee Announces Plans to Acquire Strack & Van Til Food Market Chain; Jeremy Gosch, Randy Edeker, and Jeff Strack Share


WEST DES MOINES, IA
Thursday, April 18th, 2024

Like explorers navigating the United States, Hy-Vee has its sights set on expansion. As part of its growth blueprint, the retailer has announced that it is in the process of acquiring Strack & Van Til Food Market chain—also known as Indiana Grocery Group—which has stores throughout Northwest Indiana.

Jeremy Gosch, Chief Executive Officer, Hy-Vee“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 Chief Executive Officer. “We look forward to welcoming Strack & Van Til’s approximately 2,800 employees into the Hy-Vee family in the weeks to come.”

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 that focus on meal solutions for busy families, a release detailed.

Hy-Vee has unveiled plans to acquire Strack & Van Til Food Market Chain, also known as Indiana Grocery Group

Strack & Van Til will maintain its name and operate as a subsidiary under Hy-Vee, much like the parent company’s other subsidiaries. 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.

Randy Edeker, Chairman and Chief Executive Officer, Hy-Vee“Much like Hy-Vee founders Charles Hyde and David Vredenberg, Strack & Van Til’s growth and success remains rooted in the philosophy and principles of its two founders Ernie Strack and Nick Van Til,” said Randy Edeker, Hy-Vee’s Executive Chairman of the Board. “Like Hy-Vee, the Strack & Van Til chain is also committed to delivering everyday value and providing quality groceries, perishables, and freshly prepared foods. As we remain focused on our future growth, Strack & Van Til is a great addition to the Hy-Vee family.”

This deal is expected to be finalized in early May.

Click here to learn more about the acquisition.

What’s next for Hy-Vee? Stay tuned to Deli Market News to find out.

Hy-Vee
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