![]() ![]() was established by Ray Lee in Frankfort, Kentucky in 1963 and became a 100% employee-owned company in 2006. In April 2021, Houchens Industries announced the acquisition of Lee Masonry Product LLC. The board of directors has elected Executive Vice President Dion Houchins to succeed Jimmie as the chief executive officer and chairman of the board. In January 2020, during a board of directors meeting, Jimmie Gipson, after nearly 55 years of service with the company, announced his retirement effective March 31, 2020. Those stores currently operate as Price Less Foods. In January 2010, White's Fresh Foods, in the Tri-Cities, Tennessee area sold their local grocery chain to Houchens. In July 2008, Houchens acquired juice maker Tampico Beverages. In April 2008, Buehler Foods of Jasper, Indiana, signed a letter of intent to sell the company to Houchens. The stores are located in Bowling Green and surrounding towns. In January 2008, Houchens announced that it would acquire 14 convenience stores which sell Shell Oil products from Bowling Green businessman Jerry Browning. ĭiversification continued in 2007 when Houchens announced that it would acquire Hilliard Lyons, a full-service stock broker and investment firm based in Louisville, from PNC Financial Services. It had acquired the company from its founder Brad Kelley in 2001 it was the first time that Houchens had sold one of its acquisitions. In 2007, the company sold its Commonwealth Brands subsidiary, the fourth-largest cigarette producer in the United States, to the British company Imperial Tobacco Group PLC for $1.9 billion. Later that year, Houchens bought Scotty's Contracting & Stone, a large paving contractor, aggregates producer and construction company based in Bowling Green. In 2004, Houchens acquired Food Giant, which operated mainly in the Midwest. The current CEO, Jimmie Gipson, started with the company in 1965, as an accountant. This shed, along with other historical structures, has been well preserved and is open to the public. The company traces its beginnings to 1917, when founder Ervin Houchens opened his first store ("BG Wholesale") at the age of 19 in a shed in Lucas, Kentucky. Complemented by a strong foundation of diverse companies and over 15,000 employees corporate-wide, Houchens Industries is listed by Forbes as one of the largest 100% employee-owned companies in the world. The company currently operates more than 325 retail grocery, convenience, and neighborhood market stores across 14 states, through their Houchens Food Group subsidiary. The company is headquartered in Bowling Green, Kentucky. Their business model has also expanded, encompassing marketplaces and even jewelry.Houchens Industries is an American employee-owned company, in business since 1917 when it began as a small grocery operated by founder Ervin Houchens in rural Barren County, Kentucky. Since its humble beginnings in downtown Cincinnati, Kroger has become a supermarket conglomerate - merging with other grocery stores to establish buildings across the country. This also led Kroger to begin creating and marketing his own products, a legacy that the company carries on today on a significantly greater scale. Kroger, however, brought them all together in a single one-stop shop. At the time, most grocers purchased baked goods, meats and fish from other suppliers. The son of a salesman, Kroger wanted to create a grocery store that stood out among the rest - basing his philosophy on customer convenience and general hospitality. It began over 100 years ago in 1883 when Barney Kroger used $372 to open a store in Cincinnati, Ohio. Known across the United States for its grocery chains and branded products, Kroger is the oldest supermarket chain in North America.
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