The Ohio State Workforce Development Company (WCD) is being purchased by a new company called Kolob Resources, according to Bloomberg.
The new company, which is headed by former Walmart chief operating officer Tom Kolob, is expected to launch in the first quarter of 2021, according the Wall Street Journal.
WCD had a turnover of $1.2 billion during the fourth quarter of 2020, according Bloomberg.
It was founded in 2004 and was named the largest employer of Ohioans by the U.S. Department of Labor.
The company has also developed a software development tool for a variety of businesses, including health care and education.
The WSJ reported that the company’s new owners include Walmart, Kroger, Walmart Supercenter and other retailers.
The announcement comes at a time when Kroger has been working with local governments to develop a new food delivery service.
The move is expected, as the company has been in the process of cutting $10 billion from its workforce.
In May, the company announced it was hiring 1,000 new workers to work in its distribution centers.