The Kroger Company and Roundy's announced on Thursday the successful completion of Kroger's purchase of Roundy's, according to a press release.

"This merger blends Roundy's complementary markets with Kroger's strengths in scale and merchandising. Our future together is bright, and we look forward to learning from each other as partners," said Rodney McMullen, Kroger's chairman and CEO. "Most of all, we want to welcome each of Roundy's more than 22,000 associates to the Kroger family of stores."

"We look forward to bringing together the best of Roundy's and Kroger for our customers and associates," said Bob Mariano, who will continue to lead Roundy's as president and CEO. He has served as chairman, president and chief executive officer of Roundy's since 2002. "Our merger with Kroger will help us continue to exceed our customers' expectations."