ONALASKA (NBC 26) — Festival Foods, the Wisconsin-based grocery chain, has been purchased by the parent company Schnucks, a Midwest-based supermarket chain, according to a press release from Festival.

According to the release, Todd Schnuck, Chairman and CEO of Schnuck Markets, Inc., announced the 1939 Group, Inc.’s definitive agreement to purchase 100% of the shares of the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers, Inc.

The 1939 Group is owned by the family that owns Schnuck Markets, Inc. Upon closing of the purchase, Todd Schnuck will become Chairman and CEO of the newly-formed 1939 Group, which will include Festival Foods.

“It’s been a privilege to serve Wisconsin communities and continue the legacy my grandparents began in 1946,” said Mark Skogen,

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