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Kroger to Purchase Roundy's Grocery Store Chain

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PHOTOS.COM
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Cincinnati-based Kroger announced Wednesday that it intends to buy Milwaukee-based Roundy's, Inc. for $800 million.

Roundy's was founded in Milwaukee in 1872. The company operates 151 grocery stores and 101 pharmacies. The company owns Pick 'n Save, Metro Market, Copps and Mariano's stores in Wisconsin and Illinois.

Kroger owns 2,623 supermarkets and "multi-department stores" in 34 states, as well as convenience stores, jewelry stores, fuel centers and food processing plants. The company's many store names include Kroger, Fred Meyer, Harris Teeter and Ralphs.

Under the deal, which was approved by the boards of both companies, Roundy's shareholders will receive $3.60 per share in cash.

In a statement, Kroger CEO Rodney McMullen said: "We are delighted to welcome Roundy’s to the Kroger family. 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.”

The statement says after the deal closes, Roundy’s will continue to operate as a subsidiary of The Kroger Co. and "will continue to be led by key members of Roundy’s senior management team." The statement says Roundy's headquarters will remain in Milwaukee, and there are no plans to close stores.

Ann-Elise Henzl became News Director in September 2017.