SpartanNash To Acquire Martin’s
November 20, 2018 at 6:10 p.m.
SpartanNash To Acquire Martin’s
By Mark [email protected]
Martin’s has carried Spartan-branded products in its stores for the last 13 years. This transaction will expand SpartanNash’s corporate retail footprint into adjacent markets in northern Indiana and southwest Michigan.
Founded in 1947 and headquartered in South Bend, Martin’s operates 21 stores with 3,500 employees in northern Indiana and southwest Michigan. In the fiscal year ending July 29, Martin’s had more than $450 million in net sales.
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The transaction is expected to close early in the first quarter of the fiscal year ending Dec. 28, subject to customary closing conditions.
“We are excited to welcome Martin’s Super Markets to the SpartanNash family,” said David Staples, SpartanNash Company’s president and chief executive officer. “Martin’s has been a valued independent retail customer since 2005, and we have the greatest respect for the Martin’s management team and its commitment to their associates, customers and the communities they serve.
“We look forward to working with members of the team to continue to deliver the quality shopping experience and high level of customer service to Martin’s customers. Our long-standing relationship has built the foundation for our future success and will enable us to grow our corporate retail business in Indiana and Michigan consistent with our long-term strategic growth strategy. We also believe this investment in our corporate retail business will help us take full advantage of our opportunities to generate value for all SpartanNash stakeholders.”
Martin’s President and CEO Rob Bartels said, “We were seeking a partner we could trust with the family’s legacy of exceptional customer service, quality products and value; we found that partner in SpartanNash.
“SpartanNash has been a valued and capable partner, and our partnership has grown and strengthened over time. We share similar values, a passion for the business, and cultures based on excellent customer service, stewardship of our brands, and commitment to our communities and teams. We look forward to a robust and dynamic future for the Martin’s family.”
Bartels will speak at a press conference Wednesday morning at Martin’s Mayflower Road location in South Bend.
Martin’s has carried Spartan-branded products in its stores for the last 13 years. This transaction will expand SpartanNash’s corporate retail footprint into adjacent markets in northern Indiana and southwest Michigan.
Founded in 1947 and headquartered in South Bend, Martin’s operates 21 stores with 3,500 employees in northern Indiana and southwest Michigan. In the fiscal year ending July 29, Martin’s had more than $450 million in net sales.
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The transaction is expected to close early in the first quarter of the fiscal year ending Dec. 28, subject to customary closing conditions.
“We are excited to welcome Martin’s Super Markets to the SpartanNash family,” said David Staples, SpartanNash Company’s president and chief executive officer. “Martin’s has been a valued independent retail customer since 2005, and we have the greatest respect for the Martin’s management team and its commitment to their associates, customers and the communities they serve.
“We look forward to working with members of the team to continue to deliver the quality shopping experience and high level of customer service to Martin’s customers. Our long-standing relationship has built the foundation for our future success and will enable us to grow our corporate retail business in Indiana and Michigan consistent with our long-term strategic growth strategy. We also believe this investment in our corporate retail business will help us take full advantage of our opportunities to generate value for all SpartanNash stakeholders.”
Martin’s President and CEO Rob Bartels said, “We were seeking a partner we could trust with the family’s legacy of exceptional customer service, quality products and value; we found that partner in SpartanNash.
“SpartanNash has been a valued and capable partner, and our partnership has grown and strengthened over time. We share similar values, a passion for the business, and cultures based on excellent customer service, stewardship of our brands, and commitment to our communities and teams. We look forward to a robust and dynamic future for the Martin’s family.”
Bartels will speak at a press conference Wednesday morning at Martin’s Mayflower Road location in South Bend.
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