Coborn’s to acquire Tadych’s EconoFoods
By Journal Staff
MARQUETTE — Coborn’s Inc. has announced it has signed a purchase agreement to acquire three Tadych’s EconoFoods grocery stores in the Upper Peninsula and three in eastern Wisconsin.
The stores are operated by the Tadych family and operate under the Tadych’s EconoFoods banner.
The Tadych’s locations that are part of the acquisition include the Marquette store at 1401 O’Dovero Drive; 1000 W. Sharon Ave., Houghton; and 1600 S. Stephenson Ave., Iron Mountain.
Others are 250 North 14th Ave., Sturgeon Bay, Wisconsin; 278 S, Main St., Clintonville, Wisconsin; and 109 N. Main St., Brillion, Wisconsin.
“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., in a news release. “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.”
The acquisition marks the first entry of Coborn’s into the state of Michigan, he said.
“So we have some things to learn, some added distance to figure out and to onboard their team into our organization,” Coborn said.
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 store in Brillion in 1968 upon returning from serving in the U.S. Army.
From there, he continued to add additional locations to serve the region.
“This sale makes perfect sense for our family and for our employees,” said Mike Tadych, Jim’s son and current owner, in a news release. “Coborn’s has long been a highly respected company and we felt perfectly aligned with their values, operational standards, support of the communities they operate in and most importantly the company culture and commitment to their employees.
“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 new Coborn’s Marketplace store in Buffalo, Minnesota, in November, Coborn’s Inc.’s portfolio of grocery stores will expand to 66 locations in Michigan, Minnesota, Wisconsin, South Dakota and North Dakota.