Todd Schnuck, chairman and CEO of St. Louis-based 1939 Group Inc., has closed the purchase of Festival Foods and Hometown Grocers, bringing the family of companies’ footprint to 164 stores.
In Wisconsin, Festival Foods operates 42 stores and Hometown Grocers operates nine under the following banners: Dave’s County Market, Denny’s Supervalu, Don’s Quality Market, Lake Mills Market, Lakewood Supervalu, Super Ron’s Food Center, Thompson’s County Market, Thorp Supervalu and Wittenberg Sentry Foods.
Schnuck Markets operates 113 stores in Missouri, Illinois and Indiana.
Festival Foods, Hometown Grocers and Schnucks will continue operating under their respective banners – guided by shared values, community engagement and a dedication to customer service.
By joining forces, the family-owned companies will operate as the Schnuck Family Holding Co. and are poised to accelerate growth and set a new standard for a regional grocer.
Fueled by the strength of 1939 Group, the family of companies can look forward to continued investment and innovation amid an evolving retail landscape.
As chairman and CEO of Schnuck Markets and 1939 Group, Todd Schnuck assumes the role of chairman and CEO at Festival Foods and Hometown Grocers – continuing the legacy of departing CEO Mark Skogen, whose servant leadership and commitment have defined the company’s culture.
“As we celebrate today’s milestone, we also recognize that our teams are entering the busiest season of the year,” Schnuck said. “Our top priority remains clear – keeping Festival Foods, Hometown Grocers and Schnucks teammates focused on serving and delighting our guests.”
[RELATED: Schnuck Family To Purchase Skogen’s Festival Foods, Hometown Grocers]
About 1939 Group Inc.
1939 Group Inc. is owned by the family that founded Schnuck Markets Inc. The name honors the year the family’s matriarch, Anna Donovan Schnuck, opened the first store in St. Louis. It employs a workforce of about 19,000 between the three banners.