Strack & Van Til is a grocery store chain with locations in Northwest Indiana. Stores operate under the banners of Strack & Van Til and Town & Country Food Market.
On May 2, 2017 an involuntary petition under Chapter 7 of the US Bankruptcy Code was filed against Central Grocers, Inc Parent company of SVT, LLC. in the US 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 stores were sold in bankruptcy auction to the Strack and Van Til families and the Indiana Grocery Group.
Video Strack & Van Til
History
Founding
In 1930, Meinhard Nissen and Ernie Strack opened the Royal Blue grocery store in downtown Griffith, Indiana. Their partnership lasted until 1943. In 1946, Strack built an additional store. In 1936, Nick Van Til, a grocery delivery boy, entered into a partnership with his employer. His partner later sold him the store. Van Til grew the business by adding many product lines and opening earlier in the day. In October 1960 Ernie Strack and Nick Van Til partnered and opened their first Strack & Van Til in Highland, Indiana. Strack & Van Til has grown to be one of the leading grocery chains in the Chicago metropolitan area.
Expansion
By 2012, the chain reached 30 stores. On November 27, 2012 it was announced that Strack & Van Til would purchase seven stores from WiseWay Supermarkets. WiseWay Supermarkets started in Gary, Indiana in 1940. Before the acquisition it operated eight stores in the region under the name WiseWay and PayLow. WiseWay Supermarkets retained ownership of one store located in Winfield, Indiana. Both WiseWay and Strack's are supplied by Central Grocers Cooperative. WiseWay stores in Chesterton, Hobart and Valparaiso were rebranded as Strack & Van Til, while PayLow stores in Gary and Merrillville were rebranded as Ultra Foods. As a result of the acquisition, one Ultra Foods location was closed. It was located across from one of the acquired stores. By 2014, the chain had 38 stores.
Store closures and sale to Strack and Van Til families and Indiana Grocery Group
On March 2, 2017, Strack & Van Til announced the closure of six stores, four Ultra Foods stores and two Strack & Van Til stores. Following the announcement of those closures, parent company, Central Grocers announced the closure of nine Ultra Foods stores located in Illinois. In addition, 22 Strack and Van Tils will be up for sale. On May 15, 2017, Jewel-Osco made a bid to purchase all 19 Strack & Van Til grocery stores for $100 million. The Jewel-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 Group.
Maps Strack & Van Til
References
External links
- Strack & Van Til Official Site
- Ultra Foods Official Site
- Town & Country Food Market Official Site
Source of the article : Wikipedia
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