Coborn's INC, a large grocery company centered in St. Cloud, Minnesota, announced that is has signed a purchase agreement to acquire the Sullivan's Grocery stores here in Northwest and Central Illinois.
According to the release, approximately 800 people work for Sullivan's, which is comprised of 11 grocery stores including the ones in Lena, Freeport and Stockton. The Sullivan's purchase also includes three ACE hardware stores, convenience store/fuel center, central office and limited assortment warehouse.
All 800 employees of Sullivans will be hired by Coborn's Inc.
The sale is expected...