SOLD: Remke Markets Acquired by Ohio Company
Remke Markets has a new owner, the company announced Friday.
President Matthew Remke said that "after careful consideration", the company entered into a definite agreement with Fresh Encoutner, Inc. to manage the local chain's stores on behalf of Generative Growth LLC, a company based in Findlay, Oh., which bought Remke.
Fresh Encounter has a family of markets including Sack ‘n Save, Community Markets, Great Scot, and Chief Markets.
Remke Markets had been downsizing, closing its location in Newport and others in Cincinnati. The business traces its roots to 1897 when William Remke opened a store in Covington. In 2010, Remke Markets purchased seven biggs locations, doubling the company's size. It currently has ten locations.
"The decision to sell Remke Markets was a difficult one, however, we are excited that these new resources will allow us to greatly enhance our customer experience," Matthew Remke said in an email. "This change will allow us to continue to deliver on our promise of a local, neighborhood grocery with exceptional service in convenient locations, as well as to preserve valuable employment for our dedicated associates. Operations of our ten store locations in Ohio and Kentucky will continue."
Matthew Remke is the fourth generation of his family to run the company. Bill Remke, Matthew's father, will retire after 60 years with the company, the email said.
"After 120 years of business, we cannot thank you enough for your loyalty to Remke Markets," Remke said. "We look forward to watching the combined organizations continue to grow and prosper."