Spartan Stores and Nash Finch have entered into a merger agreement, company officials announced. Under the agreement, Spartan and Nash will combine stocks valued at approximately $1.3 billion.
This merger will create a presence across the grocery wholesale, retail and military and exchange channels with combined annual sales of roughly $7.5 billion. Spartan and Nash, collectively, would operate 22 distribution centers across 37 states, more than 175 retail stores and would become the leading distributor to military commissaries and exchanges.
Dennis Eidson, president and CEO of Spartan Stores, will serve as president and CEO of the combined companies. Alec Covington, president and CEO of Nash Finch, will serve in an advisory role to help guide the transition.
Spartan is a regional grocery distributor and a grocery, convenience and fuel retailer. It distributes more than 40,0000 private and national brand products to nearly 400 independent grocers in Michigan, Indiana and Ohio in addition to more than 100 of Spartan’s corporate-owned stores.
Nash Finch is a food distribution company serving military commissaries and exchanges spanning 37 states. In addition, Nash Finch operates supermarkets a handful of supermarket chains including Family Fresh Market and Econofoods.