AI-assisted summary
St. Louis-based Schnucks Markets is acquiring 42 Festival Foods and nine Hometown Grocers supermarkets.
Both companies are family-owned with long histories and similar values regarding community support.
Shoppers can expect to see the same employees and products, but the brands will learn from each other.
Todd Schnuck sees a lot of Schnucks Markets in the company's newly acquired Festival Foods and Hometown Grocers sister stores.
Schnuck, the third, third-generation CEO of family-owned Schnucks Markets Inc. after his brothers Craig and Scott, instantly identified with outgoing Festival CEO Mark Skogen's family's 79-year legacy in the grocery business. St. Louis-based Schnucks also traces its history back three generations to Todd's grandmother, Anna Donovan Schnu