Festival Foods sold to Midwest grocery company, stores to remain unchanged

Watch Kyle Langellier's full broadcast story here: Festival Foods sold to Midwest grocery company, stores to remain unchanged

The deal includes both Festival Foods and Hometown Grocers, which operates nine Festival locations. All 42 Festival stores in Wisconsin will continue operating under the Festival brand with no changes to store names, branding or operations.

"They'll be operating as sister companies so Festival will be operating as Festival. It'll be the same people that our customers will deal with day in, day out," Todd Schnuck said.

Schnuck, who serves as CEO of Schnuck's Markets, will oversee the acquisition. He emphasized that employees will retain their current hours, wages and benefits under the new ownership structure.

The acquisition will add Festival's Wisconsin locati