(WBBM NEWSRADIO) - Strack & Van Til Food Market, a prominent Northwest Indiana grocery chain, could soon have new ownership.
Wednesday, Iowa-based Hy-Vee, Inc. said they are negotiating a deal that would net them all 22 Strack & Van Til stores.
With the purchase, Strack & Van Til would keep its name and operate as a subsidiary of Hy-Vee, Inc.
“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 agreement is expected to be completed in early May.
Currently, Hy-Vee Inc. operates more than 550 stores and has other subsidiaries such as Midwest Heritage and D&D Foods.
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