ST. LOUIS, Mo. (WQOW) – Todd Schnuck, the chairman and CEO of 1939 Group, Inc., has announced the closing of the purchase of Festival Foods and Hometown Grocers.

Missouri's Schnuck Markets, Inc. forms holding company to purchase parent companies of Festival Foods, Hometown Grocers

The three companies—including Schnuck Markets—together now form a total of 164 stores. Festival Foods operates 49 stores and Hometown Grocers operates nine stores across Wisconsin, while Schnuck Markets operates 113 stores in Missouri, Illinois, and Indiana.

The release from 1939 Group, Inc. states all three companies will continue operating under their existing banners. The holding company promises continued investment and innovation amid a rapidly evolving retail landscape.

"As we celebrate today's milest

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