It's official: The parent company of St. Louis-based Schnucks Markets now owns the 42 Festival Foods stores in Wisconsin and nine Hometown Grocers stores.

The newly-formed 1939 Group Inc. on Oct. 20 announced it had completed the acquisition of Skogens Festival Foods' and Hometown Grocers' outstanding shares, including shares held by Festival's employee stock ownership plan.

The announcement comes a little more than a month after the Schnuck family announced it would acquire the 51 Wisconsin grocery stores from the Skogen family and the grocery stores' employees. Todd Schnuck, CEO and chairman of 1939 Group and Schnucks Markets, has taken over the same roles for Festival and Hometown Grocers from outgoing CEO Mark Skogen.

“As we celebrate today’s milestone, we also recognize tha

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