Coborn's announced that it is acquiring Sullivan's Foods - which consists of 11 grocery stores, a convenience store/fuel center, three Ace Hardware stores, a central office and limited-assortment warehouse - in northern and central Illinois, marking Coborn's first entry into the state.
Terms of the deal were not disclosed.
“The Sullivan family has run their family of stores with great care and is a highly respected retailer,” Chris Coborn, Chairman and CEO of Coborn’s, said in a prepared statement. “We look forward to extending the same operating philosophies in these locations that have made us successful for 102 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 Sullivan’s team join our team to learn more about their operations and communities.”