What's Happening?
Walt's grocery chain, a family-owned business with an 88-year history, has been sold to Mokena-based Berkot's Super Foods. The sale includes all four Walt's stores located in Illinois and Indiana, which will be added to Berkot's existing 16 stores across the Chicago suburbs and southern Wisconsin. The transaction is expected to close between late October and early November. The Lagestee family, owners of Walt's, will continue to operate Crete Ace Hardware. The decision to sell was described as difficult by the family, who expressed confidence that Berkot's will maintain the same family values and community involvement that Walt's has upheld for decades.
Why It's Important?
The sale of Walt's grocery chain to Berkot's Super Foods marks a significant shift in the local grocery landscape, affecting employees and customers who have relied on Walt's for decades. Berkot's, another family-owned business, is expected to continue the tradition of community involvement and quality service. This transition may offer new opportunities for Walt's employees as Berkot's management plans to discuss hiring and transition processes. The consolidation of these grocery stores under Berkot's could lead to changes in pricing, product offerings, and customer service, impacting local shopping habits and community dynamics.
What's Next?
As the sale progresses, Berkot's management will engage with Walt's employees to discuss employment opportunities and the transition process. The community will likely observe changes in store operations and offerings as Berkot's integrates Walt's locations into its network. Customers may experience adjustments in store branding and product availability. The Lagestee family will focus on their Crete Ace Hardware business, maintaining their presence in the local retail sector.
