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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 8, 1999
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ROUNDY'S, INC.
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(Exact name of registrant as specified in its charter)
Wisconsin 33-57505 39-0854535
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
23000 Roundy Drive, Pewaukee, Wisconsin 53072
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (262) 953-7999
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NONE
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(Former name or former address, if changed since last report.)
Page 1 of 2
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Item 5. Other Events
On November 3, 1999, the Board of Directors of Roundy's,
Inc. ("Roundy's") of Pewaukee, Wisconsin, has approved the
acquisition of the supermarket assets of Ultra Mart, Inc.,
an independent owner/operator of seven Pick `n Save stores
in Wisconsin.
On November 5, 1999 the Board of Directors of Roundy's, Inc.
has authorized the purchase of the common stock of Mega
Marts, Inc. and the assets of the Tri City Pick `n Save
store owned by N.D.C., Inc., an affiliate of Mega Marts,
Inc. Copies of the related press releases are attached as
Exhibit 99 to this Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits. The following exhibits are furnished with this Current Report:
Exhibit No. Document
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99 Press Release
SIGNATURES
Pursuant to the requirements of The Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
ROUNDY'S, INC.
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(Registrant)
Date: November 8, 1999 BY: ROBERT D. RANUS
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Robert D. Ranus
Vice President and Chief Financial Officer
Page 2 of 2
FOR IMMEDIATE RELEASE
Contact: David C. Busch, 262-953-5816
ROUNDY'S, INC. ACQUIRES ULTRA MARTS
Move Allows Wisconsin's Market Leader Continued Growth
PEWAUKEE, Wis. - The Board of Directors of Roundy's, Inc. has
approved the acquisition of the supermarket assets of Ultra Mart,
Inc., an independent owner/operator of seven Pick `n Save stores in
Wisconsin. Ultra Mart, Inc., principally owned by Robert A. Farrell
and Scott Sylla, operates two stores in Milwaukee, one store in
Franklin, one store in Pewaukee, one store in Germantown, and two
stores in Neenah. Ultra Mart is one of Wisconsin's largest
independent supermarkets with 1,200 employees and sales in excess of
$150 million.
"This is an exciting acquisition for Roundy's and brings us into the
new millenium stronger than ever," said Gerald F. Lestina, President
and Chief Executive Officer of Roundy's. "As a market leader in
Wisconsin, we have to constantly look for ways to be a stronger
organization to serve our customers better.
"The family of Pick `n Save stores has been in existence since 1975
with a combination of independently owned and operated stores as well
as company-owned stores. The strength and flexibility of that
structure has served us well for 25 years, and this opportunity will
allow us to better serve customers with quality products at low
prices, and with the utmost of customer service people have come to
expect from Pick `n Save. The Ultra Mart organization and its
associates are among the finest groups we have been associated with."
Ultra Mart was founded in 1984 when Robert Farrell purchased the
supermarket assets of his father, Howard Farrell. Over the next
fifteen years, Ultra Mart grew in sales tenfold, culminating with
seven state-of-the-art stores with an average size of 60,000 square
feet.
Farrell, who started his career in the grocery business at National
Supermarkets when he was 16, said his decision to sell was made
easier by his long association with Roundy's, Inc.
"It was in the long term best interests of Ultra Mart and the team
that operates it to affiliate with a larger entity like Roundy's,"
Farrell said. "We've always run our stores like a family business.
But that's the way Roundy's operates, too. Although their sales of
about $2.6 billion in l998 makes them one of the largest privately
held companies in Wisconsin, they've never forgotten their roots.
The combination of Roundy's and Ultra Marts bodes well for both
firms."
If all conditions are met, the transaction is expected to close by
the middle of January, 2000.
Lestina said the move was an integral step in the strategic plan of
Roundy's to not only be the leading food wholesaler in the Midwest,
but also a leading retail supermarket chain in Wisconsin. In
addition to the nine distribution centers in five states Roundy's
also owns and operates 23 supermarkets in Wisconsin, Ohio, Michigan
and Indiana, with 13 of those stores operating as Pick `n Save.
November 5, 1999
FOR IMMEDIATE RELEASE
Contact: David C. Busch, 262-953-5816
ROUNDY'S, INC. ACQUIRES MEGA MARTS, INC.
PEWAUKEE, Wis. - The Board of Directors of Roundy's, Inc. has
authorized the purchase of the common stock of Mega Marts, Inc.
and the assets of the Tri City Pick `n Save store owned by
N.D.C., Inc., an affiliate of Mega Marts, Inc.
Mega Marts, Inc. is the largest independent operator of Pick `n
Save stores with 16 stores in Wisconsin and one store in
Waukegan, Illinois. Mega Marts, Inc. has an annual sales volume
in excess of $500 million and employs over 2,500 associates.
In September of 1998, David A. Ulrich, Sr. passed away after a
courageous battle with cancer. Mr. Ulrich was the founder of
Mega Marts, Inc. and over the past year the Ulrich family and
Mega Marts' management team have reviewed the strategic direction
of Mega Marts, Inc., and with growth and development firmly in
mind, have chosen to become a subsidiary of Roundy's, Inc.
Commonality of vision and strategy will create a combined
stronger Pick `n Save family of supermarkets.
Gary Fryda, President and CEO of Mega Marts, Inc. will be joining
the Roundy's, Inc. management team as Corporate Vice President of
Retailing. Fryda said, "the strength of Roundy's, Inc. retail
group of 30 corporate stores, along with 17 Mega Mart Pick `n
Save stores, will create new levels of efficiency to continue to
allow Pick'n Save to meet the consumers' expectations of quality,
service and, without question, low price."
Gerald F. Lestina, President and CEO of Roundy's, Inc. said, "the
acquisition of Mega Marts, Inc. will thrust our company to over
$3 billion in annual sales. As a privately held, retailer owned
cooperative company, we must position ourselves to compete
against companies ten to fifty times our size. Clearly our
strength will always be our closeness to the consumer and our
total focus on fulfilling all of our customers' needs. We
welcome Mega Marts, Inc. to the family that is, Roundy's, Inc."
If all conditions are met, the transaction is expected to close
during the first quarter of 2000.
