Roth’s Fresh Markets has a new owner.
Pattison Food Group, a Canadian company which owns Save-On Foods among other grocers, will add the Salem-based grocery store chain to its roster on Oct. 26 pending regulatory approval.
A news release from Pattison Food Group, which is part of Canadian conglomerate Jim Pattison Group, said Roth’s will maintain its name. The grocery store was founded in 1962 and has several locations in the Mid-Willamette Valley.
“The Pattison Food Group will support the future of Roth’s Fresh Market, building on its best practices in operations, marketing, purchasing and people services once the acquisition is complete, subject to regulatory approval,” the release said.
President Michael Roth, who is the son of founder Orville Roth, will retire on Oct. 26.
Tim Jennings, a long-serving member of Roth’s senior leadership team, will take over. Jennings will report to Ben Harrack, a senior vice president at the Pattison Food Group.
“This is a very exciting time for our company. Having built a relationship with this group over the past several months, I am confident the values and culture at the Pattison Food Group are well aligned to ours at Roth’s,” said Roth in the release.
Jennings said he was humbled to accept the role of president.
“We are like a family at Roth’s, and now as part of the Pattison Food Group, we have more opportunities than ever to take Roth’s to the next level while maintaining the culture, services and of course the amazing teams that make Roth’s the grocer of choice for so many Oregonians,” he said.