SpartanNash to Acquire Martin's Super Markets

By: Abasto Magazine
 
 
SpartanNash Martin Supermarkets
SpartanNash Martin Supermarkets
WINSTON-SALEM, N.C. - Nov. 23, 2018 - PRLog -- SpartanNash Company announced it has reached an agreement to acquire Martin's Super Markets, Inc., a leading family-owned and operated Midwest independent supermarket chain, in a transaction that will expand its corporate retail footprint into the adjacent markets of northern Indiana and southwestern Michigan.

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.

"We are excited to welcome Martin's Super Markets to the SpartanNash family," said David Staples, SpartanNash Company's President and Chief Executive Officer.

SpartanNash is a Fortune 400 company whose core businesses include distributing grocery products to a diverse group of independent and chain retailers.

The company currently operates 139 supermarkets, primarily under the banners of Family Fare Supermarkets, 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 read the complete story, click on this link: https://abasto.com/en/news/spartannash-martins-super-markets/

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Source:Abasto Magazine
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Tags:Supermarket Acquisition
Industry:Retail
Location:Winston-Salem - North Carolina - United States
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