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Tadych's Econofoods to sell to Coborn's

A St. Cloud, Minnesota grocer is purchasing Tadych’s Econofoods Supermarkets in eastern Wisconsin and Michigan’s Upper Peninsula region, including the Sturgeon Bay store.   According to Supermarket News, the Upper Midwest grocer Coburn’s plans to close the transaction in early December, pending the customary closing conditions.  Tadych’s Econofoods has six locations doing business as T&C Markets and is based in Brillion.  Coburn’s is currently celebrating its 100th year and operates 59 supermarkets in Minnesota, North Dakota, South Dakota, and Wisconsin.  In a news release, CEO Chris Coburn stated that plans are for Tadych’s Econofoods stores to retain the Tadych’s name and all of the 800 employees to be hired by Coburn’s.      

 

 

News Release:

 

Coborn’s, Inc. to acquire Tadych’s grocery stores in Wisconsin and Michigan 

ST. CLOUD, MN – Coborn’s, Inc. has announced it has signed a purchase agreement to acquire three Tadych’s  Econofoods grocery stores in eastern Wisconsin and three locations in the Upper Peninsula of Michigan, the  company’s first expansion into that state. The stores are operated by the Tadych family and operate under  the Tadych’s Econofoods banner. 

The Tadych’s locations included in the acquisition are: 

• 1250 North 14th Avenue, Sturgeon Bay, WI 

• 278 South Main Street, Clintonville, WI 

• 109 North Main Street, Brillion, WI 

• 1401 O’dovero Drive, Marquette, MI 

• 1600 South Stephenson Avenue, Iron Mountain, MI 

• 1000 West Sharon Avenue, Houghton, MI 

“The Tadych family has run their family of stores with great care and is a highly-respected retailer,” said  Chris Coborn, Chairman, President and CEO of Coborn’s, Inc. “We look forward to extending the same  operating philosophies in these locations that have made us successful for 100 years – investing and training  for our people, supporting our communities and investing in our stores to improve the experience for our  guests. We look forward to having the entire Tadych team join our team to learn more about their  operations and communities.” 

“This is our first entry into the state of Michigan, so we have some things to learn, some added distance to  figure out and to onboard their team into our organization,” Chris Coborn added. Approximately 800 people work in the six locations and will all be hired by Coborn’s, Inc. The stores will continue to operate  under the Tadych’s name. 

James Tadych, owner, and founder of T&C Markets began his grocery career as a young man working in his  father’s family store. He then went on to purchase his own first store in Brillion, WI in 1968 upon returning  from serving in the U.S. Army. From there, he continued to add additional locations to serve the region.  Customer satisfaction has always been a core value of the company and he has always operated with that as  a high priority that is instilled in all the stores today.  

“This sale makes perfect sense for our family and for our employees, said Mike Tadych, Jim’s son and  current owner. “Coborn’s has long been a highly-respected company and we felt perfectly aligned with their 

PRESS RELEASE - PAGE 2 

values, operational standards, support of the communities they operate in and most importantly the  company culture and commitment to their employees,” he added. “We are grateful to all of our customers  and employees who have helped us build our business over the past five decades. I know our communities  and employees are in good hands as we make this transition.” 

The transaction is currently expected to close in early December, subject to customary closing conditions.  With this acquisition and the opening of a brand new Coborn’s Marketplace store in Buffalo, MN in  November, Coborn’s, Inc.’s portfolio of grocery stores will expand to 66 locations in Minnesota, Wisconsin,  South Dakota, North Dakota and Michigan.

 

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