Schnucks Markets announced on Monday that it will purchase 19 St. Louis-area Shop 'n Save locations.
The transaction — which includes 14 Missouri locations and five in Illinois — is planned to occur with a staggered close process currently expected to begin on Oct. 7 and be completed later that month. The company says it plans a closure of about two and a half days for each store for rebranding and point-of-sale upgrades.
“Schnucks is proud to be growing in our hometown of St. Louis, excited about the opportunity to serve new customers, and looking forward to welcoming the employees at these 19 stores to Schnucks,” says Todd Schnuck, chairman and CEO of Schnuck Markets. “We want longtime customers of each store to know that we are eager to earn your business, and we’ll be working closely with SUPERVALU and Shop ‘n Save to ensure a smooth and successful transition.”
As part of this transaction, Schnucks and SUPERVALU will enter into an agreement for SUPERVALU to serve as the primary supplier for nine of Schnucks’ existing stores located across northern Illinois, Iowa and Wisconsin.
The acquisition comes on the heels of Schnucks announcing two other new store locations. Schnucks opened its Maplewood, Missouri, location — which had previously been a Shop ‘n Save — in August. A new Schnucks in Warrenton, Missouri, is currently under construction and is scheduled to open later this fall.