WiseWay Supermarkets, located in Winfield, IN announced plans today to sell their grocery store to Strack & Van Til which has its corporate offices in Highland, IN.
Don Weiss, President of WiseWay Supermarkets, stated “I am pleased that Strack & Van Til is acquiring the store. Strack’s corporate culture parallels the way we do business. They are a local company that has a commitment to the communities we serve in Northwest Indiana. A major concern of our family was for our associates who have been very loyal to us over the years. Strack and Van Til will be able to provide our associates with greater employment opportunities, job security and potential for advancement within their larger organization. Foremost in our decision to sell them was their commitment to retain all of our employees with their current compensation or better.”
On behalf of the entire Weiss family Don said, “It has been our joy and privilege to serve Northwest Indiana for three generations over 82 years. We will continue to serve the community with increased investment in our apartment projects and Wise Guys Discount Liquors. Concurrently with the closing of this sale we will be starting construction of a 320-unit new community called The Monarch, at 93rd and Taft in Merrillville. Two substantial WiseGuys projects are also planned.”
Weiss continued, “We want to thank our many associates, vendors and customers for the support given to us since my late father, Marvin “Mickey” Weiss, opened a small store in Gary in 1940.”
Jeff Strack, CEO of Strack and Van Til said, “We are excited about this acquisition and having the WiseWay associates join our family. WiseWay is a locally owned company that has been an integral part of the communities they serve.”
Both companies are supplied by Associated Wholesale Grocers. The transaction is expected to close in May. In the meantime, business will continue as normal at WiseWay.
The Food Partners, LLC represented WiseWay Supermarkets as its exclusive strategic and financial advisor.
Please reach out to Don Weiss or Jeff Strack for further information.
Don Weiss: President, WiseWay Supermarkets -219-613-4998
Jeff Strack: CEO, Strack & Van Til - 219-689-7546