Coborn’s To Acquire Kessler’s Food And Grocery

The 2 stores will proceed to run nether nan Kessler’s Food and Grocery banner.Shutterstock

Coborn’s Inc. will adhd a brace of Kessler’s Food and Grocery stores successful South Dakota to its web of stores, nan grocer announced past week.

The acquisition is expected to adjacent later this month. However, nan institution has not released specifications of nan deal. The Kessler’s locations, nan only 2 owned by nan retailer, are successful Aberdeen and Miller.

The 2 stores will proceed to run nether nan Kessler’s Food and Grocery banner, and Coborn’s said it intends to prosecute each astir 250 workers presently employed astatine nan stores.

The Kessler family sold nan stores to Coborn’s because they wanted to support them competitive, and Coborn’s resources arsenic a larger concatenation will thief execute that.

“The Kessler family has tally their family of stores pinch awesome attraction and is simply a highly respected retailer,” Chris Coborn, president and CEO of Coborn’s, said successful a release. “We look guardant to having nan full Kessler’s squad subordinate america and learning much astir their operations and communities.”

Kessler’s proprietor Reed Kessler said connected Facebook that nan determination to waste was 1 of nan toughest he has had to make, but it is nan champion determination for nan workers.

“The unit scenery is changing rapidly, and arsenic a mini organization, it would beryllium progressively difficult for Kessler’s to stay competitory agelong term,” said Kessler.

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Coborn’s is employee-owned and presently operates 77 stores crossed Minnesota, North Dakota, South Dakota, Wisconsin, Michigan, and Illinois nether nan Coborn’s, Cash Wise Foods, and Marketplace Foods brands. It employs astir 10,000 workers.