In a statement Wednesday, The Kroger Co. announced it will acquire Milwaukee-based Roundy’s Inc. for approximately $800 million. Kroger will pay $3.60 in cash per share including all outstanding shares.
Kroger will be getting all of Roundy’s 151 stores and its 101 pharmacies throughout Wisconsin and in the Midwest, which operate under the Pick ‘n Save, Copps, and Metro Market banners.
In addition, Kroger will also expand its presence in the Chicagoland area, getting all 34 of Roundy’s stores operating under the Mariano’s banner.
“We are delighted to welcome Roundy’s to the Kroger family,” Rodney McMullen, Kroger’s chairman and chief executive officer, said in a statement. “With a team of 22,000 talented associates, outstanding store locations, and a shared commitment to putting customers first, we are excited about Roundy’s future growth.”
Together, Kroger and Roundy’s will operate 2,774 supermarkets and employ over 422,000 associates across 35 states and the District of Columbia. Roundy’s two distribution centers are located in Oconomowoc and Mazomanie, Wisconsin. The company announced it will not be closing any of its stores.