Skip to main content

St. Cloud grocery chain Coborn's buys supermarkets in Wisconsin

  • Author:
  • Updated:
    Original:

St. Cloud-based supermarket chain Coborn's is expanding further after agreeing to buy out grocery chain Marketplace Foods.

Coborn's announced in a press release Monday it is acquiring the grocery and liquor store chain, which has four stores in the western Wisconsin cities of Hayward, Menomonie, Rice Lake and St. Croix Falls.

"By expanding into Wisconsin and adding these four stores into the Coborn’s family, we are experiencing positive, strategic growth for our company," company president Chris Coborn said. "These four stores are beautiful – destination shopping experiences – and I’m excited to include them in the Coborn’s family of stores."

The four locations employ 400 people between them, who will be retained, as will the Marketplace Foods name.

The Business Journal notes that Coborn's owns a Save-a-Lot discount grocery store in Beloit, Wisconsin, but that most of its 50-plus grocery locations are in Minnesota, with a few stores in the Dakotas and Iowa.

The St. Cloud Times reports the family-owned Marketplace Foods approached Coborn's to buy them out, and that the purchase agreement was finalized Thursday.

The deal is expected to be completed by May 11, the newspaper notes. No information has been disclosed on how much Coborn's is spending on the buyout.

According to its website, Coborn's employs 7,400 people and its revenue last year stood at $1.2 billion.

Next Up

money hundred dollar bills

Chanhassen psychologist pleads guilty to $550K billing fraud

Charles Howard Jorenby, 57, pleaded guilty to one count of healthcare fraud in U.S. District Court late last month.

police lights squad car

Charges: Coon Rapids man had 25 pounds of cocaine from Mexico

Luis Javier Avila-Lopez, 38, was arrested after law enforcement seized the cocaine earlier this year.

Screen Shot 2022-12-04 at 9.16.52 AM

Responding to Twitter release, former Minnesota GOP candidate calls for 'bullets'

It was in response to a thread on Twitter concerning the social media giant's moderation efforts regarding political issues.

snow

NWS: 'Safe to say' more active weather is ahead

Three rounds of light snow around Minnesota before more substantial precipitation becomes a possibility.

7F060B54-5776-4E1A-A42C-F36C22FAF493

Hero dad who stopped carjacker who fled with his kids identified

A GoFundMe has been set up to support Derek Gotchie and his family following the incident.

Screen Shot 2022-12-03 at 4.35.18 PM

Watch: New London-Spicer wins 3A championship on incredible walk-off TD

New London-Spicer defeated the unbeaten Dilworth-Glyndon-Felton in remarkable circumstances.

MoorheadMurderSuspect

Suspect in woman's killing in Moorhead is arrested

James Kollie Jr. was arrested Friday evening.

Jennifer Carnahan

Former chair Jennifer Carnahan sues Minnesota GOP, which is suing her back

Carnahan stepped down under a cloud of controversy in August 2021.

Minneapolis Fire Department

One injured after leaping from burning vacant building in Minneapolis

Authorities say the building is known to be used by squatters.

Related