SpartanNash Completes Acquisition of Indiana-based Martin’s Super Markets
January 02 2019 - 8:00AM
Business Wire
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.
About SpartanNash
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190102005146/en/
Meredith GremelVice President, Corporate Affairs &
CommunicationsSpartanNash616-878-2830
SpartanNash (NASDAQ:SPTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
SpartanNash (NASDAQ:SPTN)
Historical Stock Chart
From Apr 2023 to Apr 2024