SpartanNash Co. plans to acquire Martin’s Super Markets, an independent chain that operates 21 stores in northern Indiana and southwest Michigan.
The company had more than $450 million in net sales for the fiscal year that ended in July, according to a news release.
“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,” SpartanNash president and CEO David Staples said in the release. “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,” Staples said. “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.”