Roundy's Supermarkets (also known as Roundy's) is an Americansupermarket operator. It owns and operates stores under the names of Pick 'n Save, Metro Market, andMariano's Fresh Market. The chain is asubsidiary ofKroger. Roundy's operates[when?] 149supermarkets and 107 pharmacies throughout the states ofWisconsin andIllinois.[1] Based on fiscal year 2012 sales, Roundy's was the 37th largest grocery store chain[2] and the 89th largestretailer in the United States.[3] As of December 2015, Roundy's became a subsidiary of Kroger ofCincinnati, Ohio.[4]
Roundy's is known historically as a wholesale supplier to independent retailers.[5] It operates food production facilities inKenosha and other locations and has two main distribution centers inMazomanie andOconomowoc, Wisconsin.
The company began trading on the New York Stock Exchange on February 8, 2012,[6] and ceased trading on December 18, 2015, when it became a subsidiary of Kroger.[4]
The company was founded in 1872 in Milwaukee as Smith, Roundy & Co. byWilliam E. Smith, Judson Roundy and Sidney Hauxhurst.[7] In 1942, the company purchased Clark & Host coffee roasting company from Charles Clark.[8]
Roundy's was a major warehouse distributor to non-company supermarkets, includingIGA, but it moved out of the wholesale market to focus on retail.[9]
Roundy's was taken private in 2002 through purchase by the Chicago private-equity firmWillis Stein & Partners.[10]
Roundy's took the company public via aninitial public offering (IPO) in 2012, posting an initial share price of $8.50 per share.[11]
On December 2, 2013, Roundy's and Mariano announced it would purchase 11 Dominick's stores to rebrand them as Mariano's, after Safeway finished closing the chain early in 2014.[13]
On November 11, 2015, Roundy's announced its sale to Kroger, a deal valued at $800 million including debt, which was completed on December 18, 2015.[4] Following completion of the sale, Roundy's retained its headquarters in Milwaukee.[14] It was suggested that Kroger primarily was interested in the Mariano's division, which allowed Kroger to enter the Chicago market for the first time. Underlining this, Kroger normally doesn’t acquire chains in financial difficulty; the Roundy's divisions in Wisconsin had been, and continue to be, in decline.
The sale of Roundy's to Cincinnati-based Kroger, about two years after Safeway shut down its Chicago-basedDominick's supermarket chain, selling many of the stores to other operators, was a matter discussed in the regional business press.[15]
Roundy's includes three front-facing brands and one former brand whileRoundy's is used mainly as aprivate label brand.
Pick 'n Save stores arewarehouse food store concept in 1975, but over time with the decline of former competitorKohl's Food Stores under itsA&P ownership and major changes toPiggly Wiggly, now operates as a traditional supermarket chain.
Metro Market, a smaller-store concept, launched in 2004, prevalent in theMilwaukee and Madison markets, mainly competing with Sendik's,Trader Joe's andWhole Foods Market.
Mariano's Fresh Market, the same concept as Metro Market in the Chicago market; named for former Roundy's CEO "Chairman" Bob Mariano. Mariano's was launched in 2010.
Copps Food Centers was acquired by Roundy's in 2001. Several attempts were made to convert those stores to the Pick 'n Save name under Roundy's ownership, which were generally unsuccessful and scattered due to customer sentiment against the rebranding. Kroger finally completed the rebranding of Copps locations to Pick 'n Save in 2017.[17]
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