SpartanNash Co. has reached an agreement to acquire Martin's Super Markets Inc. The transaction is expected to expand SpartanNash's corporate retail footprint into the adjacent markets of northern Indiana and southwestern Michigan. It is expected to close early in the first quarter 2019.
Founded in 1947 and headquartered in South Bend, Indiana, Martin's currently operates 21 stores in Northern Indiana and Southwest Michigan with approximately 3,500 employees. For the fiscal year ended July 29, 2018, Martin's had more than $450 million in net sales. SpartanNash CEO David Staples says he believes this investment will help the company take full advantage of its opportunities to generate value for all SpartanNash stakeholders.
Related: Grocers Likely to Keep Prices Steady in 2018; Midwest Farmers More Likely to Drop Organic Certification.
from Industry Operations https://ift.tt/2OP68sp
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