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Roundy's plans public stock offering

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The milk section of a grocery store is pictured in Los Angeles
The milk section of a grocery store is pictured in Los Angeles

MILWAUKEE, Wis. (WSAU) – Wisconsin’s largest supermarket chain is going public.

Roundy’s, which is privately owned by the Chicago equity firm of Willis Stein and Partners, said it plans to raise 230-million dollars in an initial public stock offering.

The company told the U-S Securities-and-Exchange Commission that part of its stock will be sold by Roundy's itself, and part by its current stock-holders. We don’t know how many shares will be offered or how much they will cost.

Roundy's operates 158 Pick 'N' Save, Copps, Rainbow, Metro Market, and Mariano's Fresh Markets in Wisconsin, Illinois, and Minnesota.

The firm made $46 million last year with revenues of almost $3.8 billion.

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