Dive Summary:
- On Monday, Spartan and Nash Finch announced they have reached an agreement on a merger between the two companies.
- The deal is worth a reported $1.3 billion and Nash Finch is set to become a subsidiary of Spartan Stores, according to reports from Chain Store Age.
- "By combining our resources, expertise and talent, we will become a stronger and more efficient organization with an enhanced ability to leverage our size, geographic reach and hybrid business model to better compete in the evolving grocery industry,” said Dennis Eidson, President and CEO of Spartan Stores.
From the article:
“This transformational transaction provides a unique opportunity to bring together Spartan Stores’ grocery distribution and retail operations in Michigan, Indiana and Ohio with Nash Finch’s leading position in grocery distribution to military commissaries and exchanges and its complementary wholesale grocery network throughout the U.S."
