2 Local Food Co-op's To Merge
The Boards of Directors of the People's Food Co-op and the Rochester Good Food Co-op are announcing their intention to recommend merger of their co-ops to their memberships. The merger of these two member-owned grocery stores will allow the Rochester facility to expand its operations and enter a lease agreement to serve as an anchor tenant in a new downtown Rochester mixed-use development.
Under the proposal, the co-ops would pool their members, and PFC would then assume management responsibilities for the Rochester facility. Members of both co-ops will have opportunities to discuss details of the potential merger this summer with their respective Boards of Directors and General Managers.The co-op would serve as the anchor tenant of the mixed-use development which will also feature 40 housing units on the development's upper floors.
People's Food Cooperative was incorporated in 1978 and currently has 4300 member households. The co-op is a member-owned downtown grocery store that features local and organic products, many come directly from the producer. People's Food Co-op is located at 315 Fifth Avenue S., in La Crosse, WI.
Rochester's Good Food Store Co-op was founded in 1975 and currently has over 1400 ember households. The co-op is a member-owned grocery store featuring local and organic products that is located one block off of Civic Center Drive at 1001 6th Street NW in Rochester, MN.