Niemann Foods, Inc. buys four Hickman’s IGA stores
Niemann Foods, Inc., (NFI) announced Monday, February 4, its agreement to purchase four area Hickman’s IGA stores, including the Vandalia location.
In addition to Vandalia, NFI will assume ownership of the Hickman’s IGA stores in Bowling Green, Mexico, and Winfield — the newest part of the company’s Missouri expansion. The deal is expected to be completed “on or before April 1.”
“After 54 years of operating our stores, the time was right to review our operations in mid-Missouri,” Hickman’s IGA President Jim Hickman said in a press release. “I am very proud of all our associates and the relationships we have built in the communities. NFI is a successful company and is held in the highest regard in the industry. I know that the Niemann group will be a good fit for our employees and the towns we serve.”
NFI plans to meet with Hickman associates this week to discuss the change in ownership. All four locations will continue to operate under the Hickman’s IGA name until the agreement is finalized.
According to the release, NFI will renovate the Mexico IGA location later in the year with renovations of the other three stores also planned.
“We are excited to expand our presence in Missouri and (Hickman) and his team have been great to work with,” said Rich Niemann President and CEO of Niemann Foods, Inc. “We are pleased to build on the Hickman tradition of quality products and great customer service. Today, more than ever, we know folks need low prices. We’ll deliver that.”
With the Paris, Mo., and Perry, Mo., Hickman’s IGA stores not included in the sale, Hickman will remain as a consultant to the Vandalia, Mexico, Bowling Green, and Winfield stores.
“With the anticipated sales growth, there is potential job growth in all four communities and the surrounding areas,” according to the release.
Within the past three years, NFI, which is based in Quincy, Ill., expanded into Missouri by adding an Ace Hardware and County Market — one of the company’s grocery chains — in Palmyra, as well as pharmacies in Palmyra, Canton, and Lewistown.
The company operates 100 retail locations, including County Markets, Save-A-Lots, County Market Express, Pick-A-Dilly convenience stores, Pet Supplies Plus, and Ace Hardware stores.
NFI was founded in 1917 and is an associate-owned company with more than 5,000 employees in Missouri, Illinois, and Iowa.