David LeBoeuf, owner and president of Frank’s Supermarkets, announced Wednesday that after 40 years of business, he has decided to sell three of their four stores. Lockport, Larose and Golden Meadow are being purchased by another family-owned business with a long history in groceries, Thibodaux-based Rouses Markets.
LeBoeuf is closing his Lockport location on Dec. 15. The Larose and Golden Meadow locations will transition to Rouses Markets by late January. Des Allemands will remain under Frank’s ownership.
“I’m very grateful for my parents who took a chance more than four decades ago to become an independent grocer, and for teaching me the business and instilling the work ethic needed to make it succeed,” says LeBoeuf. “It has been a very gratifying career for me and my family.
“I am also thankful for the many family members, employees, customers, and vendors who believed in us and were a large part of our success. This has truly been a team effort.”
“We are happy to sell to another local family. Rouses is dedicated to their employees, customers, and the neighborhoods they serve. Their model of doing business aligns with ours. I am proud of what we have built over the years and are have total confidence that Rouses will continue to serve these communities well,” says LeBoeuf.
LeBoeuf said that the roughly 110 employees of the Larose and Golden Meadow stores will continue to be employed by Rouses, while those in the Lockport location will be offered jobs in the Rouses organization.
LeBoeuf declined to provide the sale price of the three locations.
“I’ve been in this for 40 years,” LeBoeuf said. “This was just a good opportunity for me. I just wanted to get out, I guess. I’m not being forced out by any means. This is still a very profitable company, but the timing is good for me personally.”
Frank’s Supermarkets was founded in 1978 by Frank LeBoeuf and his wife, Faith.
Rouses is one of the largest independent grocers in the United States, with 56 stores in three states and more than 6,300 employees.
In 2007, Rouses acquired 17 stores from the A&P chain, effectively doubling its number of locations at the time. Since then, it has expanded rapidly, including adding locations formerly operated by Winn-Dixie, Belle Foods and LeBlanc’s Food Stores.
“We will take great care of these stores and their customers,” Rouses CEO Donny Rouse said in a press release. “I am excited to welcome Frank’s associates. I know they will appreciate the commitment we make to our team members and the communities we serve.”
Posted on Fri, December 7, 2018
by The Lafourche Gazette