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Food Centers received approval from U.S. Bankruptcy Court for the
Northern District of Illinois to sell a number of their stores. The
Lincoln store at 1475 Woodlawn Road will be sold to the Kroger
Company. The closing transaction is scheduled next Monday, Sept. 29.
Kroger Company said that the recent acquisition will allow
Kroger to expand its market base to serve additional customers in
"This acquisition solidifies our
commitment to the Lincoln area," said Lisa Holsclaw, president of
the Kroger Central Marketing Area. "We stand ready to serve its
citizens for many years to come."
Once the agreements have been signed,
the store at 1475 Woodlawn Road will close on Sept. 26 for
remodeling. The remodeling will add a pharmacy and other
departments, like Nature’s Market.
Once the store has been remodeled, "We
will be combining our facilities at the Woodlawn Road site," a
Kroger representative said. During the remodel, customers are
encouraged to shop the Kroger store, located at 530 Woodlawn Road.
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Kroger is currently assessing its
employment needs in light of the acquisition. Priority consideration
will be given to Kroger associates looking for expanded
opportunities and former Eagle employees seeking employment. Anyone
interested in employment can go to the 530 Woodlawn Kroger store and
complete an application.
Central Marketing Area has 148 food and drug stores and 30 fuel
centers, including Kroger, Owen's, Hilander and Pay Less, with
locations mainly in Indiana and Illinois and with six stores in
Missouri, two in Michigan and one in Ohio.
[Eagle, Kroger, LDN]