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

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Thu. April 18th, 2024 - by Jenna Plasterer

WEST DES MOINES, IA - Twenty-two new stores are being added to Hy-Vee’s growing retail footprint. Padding its network through a recent deal, the retailer unveiled plans to acquire Strack & Van Til Food Market Chain, also known as Indiana Grocery Group.

Jeremy Gosch, President, Hy-Vee
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, including grocery stores, drugstores, pharmacies, restaurants, and convenience stores focusing on meal solutions for busy families, a release detailed.

This deal is expected to be finalized in early May.

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, 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.

Hy-Vee is now an Associated Wholesale Grocers (AWG) member, which supplies Strack & Van Til’s stores in Northwest Indiana. Hy-Vee’s grocery stores will continue to be served through its supply chain facilities, located in Ankeny, Chariton, Cherokee, and Cumming, Iowa.

Randy Edeker, Chairman and Chief Executive Officer, Hy-Vee
Randy Edeker, Executive Chairman of the Board, 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.”

Click here to learn more about the acquisition.

How will Hy-Vee’s retail network continue to grow? ANUK will be here to report as the latest strategies are put into place.