Bomgaars Purchases Shoppers Supply Stores

Sioux City – Bomgaars Supply, a farm and ranch chain based in Sioux City, Iowa has reached an agreement to purchase all five Iowa Shoppers Supply stores. Dave Meyer, senior vice president and chief operating officer of Bomgaars, confirmed the purchase and said the sale becomes effective October 1, 2012. The five stores are located in Fort Dodge, Webster City, Eagle Grove, Humboldt and Des Moines.

"They will continue as Shoppers Supply through the holiday season," he said. Meyer added that the conversion to Bomgaars signage and complete integration into the Bomgaars system will take place over the winter and should be complete by March or April.

Meyer and Jim Schmidt, president of Shoppers Supply, both stressed that Bomgaars plans to keep all of the Shoppers Supply stores in Iowa open. Schmidt said he anticipates that most of his company's Iowa employees will be retained as part of the Bomgaars team.

Bomgaars owner Roger Bomgaars and Shoppers Supply owner Jim Schmidt have known each other for at least 40 years, according to Torrey Wingert, Bomgaars Vice-President and Chief Financial Officer (CFO). “We are all part of a buying cooperative and we buy products together. Jim came to us about his five Iowa stores so he can continue to expand in Arizona. We’re excited to gain a stronger foothold in north central Iowa,” Wingert said.

Product lines offered by Bomgaars are similar to Shoppers Supply. Signage is expected to change in the first quarter of 2013. Wingert said he expects store hours of operation to increase over time.

“One of the biggest differences people will notice is that we offer a full nursery Garden Center in the Spring with shrubs, trees, flowers, pavers and more,” Wingert explained. “I think people will really enjoy the store. There will be more selection and a bigger product assortment.”

Schmidt said he wanted to thank the customers who have helped build Shoppers Supply and had praise for the new owner. "These communities will enjoy Bomgaars," he said. "It is a family owned company like Shoppers Supply."

Bomgaars is a fourth generation family-owned and operated supplier that now has 66 stores in Iowa, Nebraska, Minnesota, South Dakota, Colorado and Wyoming, with over 1,500 employees. William H. Bomgaars expanded an auto parts company into the fleet farm business in 1952. The company now stocks more than 50,000 items in 10 major departments, including lawn and garden plus nursery, clothing and footwear, farm and pet supplies, automotive, paint, hardware, tools, house wares and toys.

09/14/2012 Bomgaars Press Release

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