Strack & Van Til celebrates grand opening of DeMotte store
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| Blazon | Private |
|---|---|
| Industry | Retail, Grocery |
| Founded | 1959[1] |
| Headquarters | Highland, Indiana, U.Southward. |
|
Number of locations |
22 (21 SVT, 1 Town & Country) |
|
Key people |
Jeff Strack, President/CEO Phil Latchford, CFO Michael Tyson, CMO |
| Products | Grocery, Dairy, Frozen, Organic, Produce, Deli, Meat, Baker, Floral, Alcohol, General merchandise |
| Website |
www |
Strack & Van Til
is a grocery store chain with locations in Northwest Indiana. Stores operate nether the banners of Strack & Van Til and Town & Country Nutrient Market.
On May 2, 2017, an involuntary petition under Chapter 7 of the US Defalcation Lawmaking was filed against Fundamental Grocers, Inc, parent company of SVT, LLC. in the Usa Bankruptcy Court for the Northern District of Illinois. The petitioning creditors were The Coca-Cola Company, General Mills, Inc., Mars Financial Services, and Post Consumer Brands.
The remaining open up stores in Northwest Indiana were sold in bankruptcy sale to the Strack and Van Til families and the Indiana Grocery Group. All Strack & Van Til stores in Northeast Illinois were closed.
History
[edit]
Founding
[edit]
In 1930, Meinhard Nissen and Ernie Strack opened the Imperial Blue grocery store in downtown Griffith, Indiana. Their partnership lasted until 1943. In 1946, Strack built an boosted store. In 1936, Nick Van Til, a grocery delivery boy, entered into a partnership with his employer. His partner after sold him the store. Van Til grew the business organisation by calculation many production lines and opening before in the 24-hour interval. In October 1960 Ernie Strack and Nick Van Til partnered and opened their showtime Strack & Van Til in Highland, Indiana.[2]
Strack & Van Til has grown to be one of the leading grocery chains in the Chicago metropolitan area.[iii]
[2]
Expansion
[edit]
By 2012, the concatenation reached xxx stores. On November 27, 2012, information technology was announced that Strack & Van Til would purchase vii stores from WiseWay Supermarkets. WiseWay Supermarkets started in Gary, Indiana, in 1940. Before the acquisition it operated eight stores in the region nether the name WiseWay and PayLow. WiseWay Supermarkets retained ownership of one store located in Winfield, Indiana (zero in 2022). Both WiseWay and Strack's were supplied by Central Grocers Cooperative.[iv]
WiseWay stores in Chesterton, Hobart and Valparaiso were rebranded as Strack & Van Til (Winfield location converted to Strack & Van Til afterwards in 2022), while PayLow stores in Gary and Merrillville were rebranded as Ultra Foods (The Merrillville location afterwards re-opened as a Strack & Van Til in 2017). As a event of the conquering, one Ultra Foods location was closed. It was located across from one of the acquired stores. By 2014, the concatenation had 38 stores.[v]
Store closures and auction to Strack and Van Til families and Indiana Grocery Group
[edit]
On March ii, 2017, Strack & Van Til announced the closure of six stores, four Ultra Foods stores and two Strack & Van Til stores.[half dozen]
Following the announcement of those closures, parent company, Key Grocers announced the closure of nine Ultra Foods stores located in Illinois. In add-on, 22 Strack and Van Tils will exist upwards for sale.[vii]
On May 15, 2017, Gem-Osco made a bid to purchase all 19 Strack & Van Til grocery stores for $100 meg.[8]
[9]
[10]
The Precious stone-Osco bid was ultimately unsuccessful and the stores were sold in the bankruptcy auction to the Strack and Van Til families and the Indiana Grocery Grouping.
As Central Grocers went bankrupt after being effectually for 100 years in 2017, Strack & Van Til made an agreement with Associated Wholesale Grocers, Inc., makers of
All-time Choice
and
Ever Save
brands of items to compensate for the now gone Centrella.
Strack & Van Til returned to expansion in 2021 with the purchase of Tysen'south Country Market in Demotte, Indiana. The store will take the Strack & Van Til name.
[11]
References
[edit]
-
^
"Company Overview of Strack & Van Til Super Market Inc".
Bloomberg News. May 25, 2017. Retrieved
May 25,
2017.
[
dead link
]
-
^
a
b
"A History of Commitment to Customs".
The Times of Northwest Indiana. Munster. February 19, 2012. Retrieved
May 25,
2017.
-
^
"Strack & Van Til Super Marketplace Inc. Visitor Profile".
Yahoo! Finance
. Retrieved
May 25,
2017.
[
dead link
]
-
^
"Strack & Van Til to Acquire 7 Stores".
Supermarket News. November 30, 2012. Retrieved
May 25,
2017.
-
^
Napoleon, Carrie. "Strack & Van Til continues to grow in Northwest Indiana".
Sun Times Media Group. Chicago. Archived from the original on August 8, 2014. Retrieved
May 25,
2017.
-
^
Caffarini, Karen (March two, 2017). "Supermarket concatenation the close Merrillville store, four others".
Chicago Tribune
. Retrieved
June 19,
2016.
-
^
Trotter, Greg (April 19, 2017). "Central Grocers volition close ix Ultra Foods stores, sell 22 Strack & Van Til sites".
Chicago Tribune
. Retrieved
June 19,
2017.
-
^
Marotti, Ally (May 15, 2017). "Jewel-Osco makes bid to buy 19 Strack & Van Til grocery stores".
Chicago Tribune
. Retrieved
May 25,
2017.
-
^
Pete, Joseph (May xiv, 2017). "Jewel attempting to buy Strack & Van Til for $100 meg".
The Times of Northwest Indiana. Munster. Retrieved
May 25,
2017.
-
^
Frost, Peter (May 15, 2017).
"Jewel bids on 17 Strack & Van Til stores".
Crain'southward Chicago Business
. Retrieved
May 25,
2017.
-
^
"Strack & van Til in growth fashion with expansion into DeMotte • Northwest Indiana Business organization Mag". 2 September 2021.
External links
[edit]
- Strack & Van Til Official Site
- Ultra Foods Official Site
- Town & Country Food Market Official Site
Source: https://en.wikipedia.org/wiki/Strack_%26_Van_Til
