Mazzone & Associates advised Mike Kraft, owner of JK Foods, which owns and operates Economart and Food Pride grocery retail stores, in the sale of control of JK Foods

Mazzone & Associates, Inc. advised Mike Kraft, owner of JK Foods, Inc., which owns and operates Economart and Food Pride grocery retail stores in the Bakken Shale in North Dakota, in the sale of majority control of his ownership in JK Foods to an entity controlled by Coborn’s Incorporated. Coborn’s is an employee-owned grocery retail company that is based in St. Cloud, Minnesota. Including its partnership with JK Foods, Coborn’s owns and operates more than 90 retail locations, including 45 grocery stores throughout Minnesota, Wisconsin, Iowa, Illinois, North Dakota and South Dakota. These operate under the brands of Coborn’s, Cash Wise Foods, Save-A-Lot, Economart and Food Pride. Coborn’s also has an online grocery ordering and delivery service named CobornsDelivers; and stand-alone convenience, liquor, video and pharmacy locations. To support its many retail locations, Coborn’s operates its own central bakery, dry cleaning facility and grocery distribution center. Coborn’s has approximately 6,800 employees.