Shopko, Pamida Complete Merger
GREEN BAY, Wis.-Shopko and Pamida have finished the deal for their merger, creating an entity with an annual revenue of about $3 billion.
The combined company retains the Shopko name and has about 350 locations in 22 states. Financial details of the merger were not disclosed. The two headquarters locations will be consolidated in Green Bay.
Shopko's chairman, president and CEO, W. Paul Jones, is keeping his current posts and provide overall leadership for the company. Pamida CEO John Harlow remains on the leadership team and helps to direct the integration process.
As stated when the merger was originally announced in January, the Pamida stores will be converted to the Shopko Hometown format by the end of 2012. This format, which has been developing over the past three years, combines pharmacy services with national brands and private-label brands in apparel, home furnishings, toys, consumer electronics, seasonal items and lawn and garden products. It measures from 15,000 to 35,000 square feet. The conversions will begin in June.