Greg and Kathy McDade, founders of McDade’s Market, based in Jackson, Miss., have sold their four locations to the Louisiana-based Durnin Group, which is owned by Paul Durnin Jr. The McDades opened their first store in 1996 when they purchased an existing Sunflower Market and renamed it McDade’s Market in 1999.
Two of the four independent grocery stores will retain the McDade’s Markets name, while two others will be renamed Froogel’s Cost+ Foods, a banner owned by The Durnin Group with three locations in Mississippi’s Gulf Coast region.
“It’s our family passing the torch to a younger family,” the McDades said in a local news report. “It’s like our family is being adopted by someone else’s. The only thing changing is that we are coming out of the picture and they are coming in.”
The Durnin Group was looking to expand and approached the McDades, according to the report. It plans to keep the independent grocery stores' staff and current offerings in place.