SpartanNash Completes Acquisition of Indiana-based Martin’s Super Markets
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Jan 2, 2019--SpartanNash (Nasdaq: SPTN) announced today that it has completed the previously announced acquisition of Martin’s Super Markets, Inc. (“Martin’s”), a leading family-owned and operated Midwest independent supermarket chain. The transaction closed on December 31, 2018, which is the first day of SpartanNash’s first fiscal quarter of 2019. Under the terms of the agreement, SpartanNash acquired 21 Martin’s Super Markets, eight Fuel Centers, 17 in-store pharmacies, a pharmacy at Saint Joseph Health System in Mishawaka (IN), a Martin’s Express convenience store in South Bend (IN) and a Side Door Café at Elkhart General Hospital. SpartanNash will provide additional guidance to the investor community in its fourth quarter 2018 earnings announcement to be released February 19, 2019.
SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges, as well as premier fresh produce distribution and fresh food processing. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Djibouti, and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery, Dan’s Supermarket and Family Fresh Market. Through its MDV military division, SpartanNash is a leading distributor of grocery products to U.S. military commissaries.
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CONTACT: Meredith Gremel
Vice President, Corporate Affairs & Communications
KEYWORD: UNITED STATES NORTH AMERICA INDIANA MICHIGAN
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL FOOD/BEVERAGE SUPERMARKET
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PUB: 01/02/2019 08:00 AM/DISC: 01/02/2019 08:01 AM