Roundy's Supermarkets Inc., which operates 158 grocery stores in three states, expects to raise $230 million through an initial public stock offering.
The Milwaukee-based Roundy's is currently owned by Chicago private equity firm Willis Stein & Partners. It's filing with the U.S. Securities and Exchange Commission says a portion of the shares will be issued and sold by Roundy's and a portion will be sold by Roundy's stockholders. The number of shares to be offered and the price have not yet been determined.
Roundy's has more than 17,000 employees at stores it operates under the names Pick 'n Save, Copps, Rainbow, Metro Market and Mariano's Fresh Market in Wisconsin, Minnesota and Illinois.