The Kroger Co., Cincinnati, and Roundy’s Inc., Milwaukee, announced a definitive merger agreement on Nov. 11 under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash. The terms of the agreement were unanimously approved by the boards of directors of both companies.
Headed by Robert A. Mariano, chairman of the board, president and CEO, Roundy’s brings to Kroger an expanded footprint with a complementary base of 151 stores and 101 pharmacies in new geographies, including Milwaukee, Madison and Northern Wisconsin, which are served under the Pick ’n Save, Copps and Metro Market banners. The merger also expands Kroger’s presence in the Chicagoland area, where Roundy’s operates 34 stores under the Mariano’s banner. Roundy’s also operates two distribution centers in Oconomowoc and Mazomanie, WI, and a commissary in Kenosha, WI. Roundy's had revenues of nearly $4 billion for fiscal year 2014.