SpartanNash (Nasdaq: SPTN) has completed the previously announced acquisition of Martin’s Super Markets Inc, a leading family-owned-and-operated Midwest independent supermarket chain. The transaction closed 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 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 US military commissaries and exchanges, as well as premier fresh produce distribution and fresh food processing.
The company 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 US military commissaries.
Go to www.spartannash.com for more details.
