BYRON CENTER — Food retailer and distributor Spartan Nash Co. entered into an agreement to purchase the Shop-N-Save Food Center chain of grocery stores.
After announcing last month that it had reached an agreement to buy the three-store chain with locations in Benzonia, Fremont and Ludington, SpartanNash (Nasdaq: SPTN) officially announced the deal today and its intention to rebrand the three locations in Family Fare stores, one of SpartanNash’s flagship brands.
“Shop-N-Save has been a successful family business for decades, and we are honored to have the DeVries family trust SpartanNash to build on their heritage and bring new offerings to their team members and grocery stores. from Benzonia, Fremont, and Ludington through our Family Fare banner,” SpartanNash President and CEO Tony Sarsam said in a statement.
“Our grocery stores are an important contributor to our business strategy, enabling us to provide a comprehensive portfolio of solutions for independent customers and chains that go beyond food retail,” Sarsam added. “We leverage insights from our retail stores to continuously innovate our products and operations across our global network.”
By renaming the three Shop-N-Save stores, SpartanNash now operates 86 family fares. The brand was established in 1962. D&W Fresh Market and Martin’s Super Markets are the other two leading brands among the approximately 150 supermarkets that SpartanNash currently operates.
Company president Bill DeVries founded the Shop-N-Save franchise in 1973, and the store has been a SpartanNash distributor customer for about 25 years. SpartanNash said in a statement that it plans to keep all Shop-N-Save employees on board.
“We are extremely grateful for the support of our communities for nearly 50 years, and we are confident that with SpartanNash, customers of new Family Fare stores will continue to enjoy the same high level of service, quality and variety that they have come to expect. are used to. at Shop-N-Save,” DeVries said.
The latest deal follows a turbulent few months for SpartanNash, which has faced recent pressure from an activist investor group trying to elect three directors to the company’s nine-person board in an effort to redress the ship on what he considered to be an underperforming business.
Last week, shareholders thwarted those efforts by voting to re-elect all nine nominees to SpartanNash’s board.
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