South Bend, Ind.-based Martin’s operates 21 independent grocery stores in northern Indiana and southwest Michigan, with about 3,500 employees. The grocer also has 17 in-store pharmacies, a pharmacy at Saint Joseph Health System in Mishawaka, Ind.; a Martin’s Express convenience store in South Bend; and a Side Door Café at Elkhart General Hospital. For the fiscal year ended July 29, Martin’s logged more than $450 million in net sales.
“We are excited to welcome Martin’s Super Markets to the SpartanNash family,” noted David Staples, president and CEO of Grand Rapids, Mich.-based SpartanNash. “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. 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. 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.”
SpartanNash has also hastened to reassure Martin’s customers that it will retain the familiar banner and keep all 21 stores in operation with their current associates, according to a report in the South Bend Tribune.
The deal is expected to wrap up early in the first quarter of the fiscal year ending Dec, 28, 2019, subject to customary closing conditions.