Grand Rapids’ SpartanNash to Acquire Indiana Supermarket Chain
SpartanNash has acquired Martin's Super Markets.
Photo courtesy of Martin's Super Markets
SpartanNash Co., a Grand Rapids-based grocery distribution company, has reached an agreement to acquire Indiana’s Martin’s Super Markets, a chain of more than 20 stores across northern Indiana and southwest Michigan. Terms of the agreement were not disclosed.
Martin’s operates 21 stores across northern Indiana and southwest Michigan. For the fiscal year ended July 29, the company had more than $450 million in net sales.
“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,” says David Staples, president and CEO of SpartanNash. “…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.”
SpartanNash serves customers in all 50 states, as well as in Europe, Cuba, Puerto Rico, Bahrain, Djibouti, and Egypt. It operates nearly 140 supermarkets and is also a distributor of grocery products to U.S. military commissaries.
“SpartanNash has been a valued and capable partner, and our partnership has grown and strengthened over time,” says Rob Bartels, president of Martin’s. “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.”
Martin’s was founded in 1947 and also operates 17 in-store pharmacies, as well as a pharmacy at Saint Joseph Health System, a convenience store, and a café.