St. Cloud, Minn.-based Coborn's has its sights set upward. The 100-year-old grocer announced an agreement to purchase all six Tadych's Econofoods stores—three in Wisconsin and three in Michigan's Upper Peninsula—from Brillion, Wis.-based T&C Markets. The deal marks Coborn's entry into Michigan.
After the close of the acquisition, which is expected by year's end, Coborn's will retain Tadych's Econofoods' 800 employees and will continue to operate the stores under the Tadych's banner, according to a news release.
Employee-owned Coborn's currently operates more than 120 grocery, convenience and liquor stores under seven banners (Coborn's, Cash Wise, Marketplace Foods, Hornbacher's, Coborn's Liquor, Cash Wise Liquor and Captain Jack's Liquor) in Minnesota, Wisconsin, South Dakota, North Dakota, Illinois and Iowa.
Tadych's got its start in 1968 with James Tadych's first grocery-store purchase in Brillion. Econofoods previously had operated as a SpartanNash banner.
With annual revenue of $1.4 billion currently, Coborn's Inc. states on its website that it's "working toward a tremendous goal" of becoming a $2 billion company as it continues to build new stores and acquire small grocery chains throughout the Midwest.
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