Michigan based grocery retailer Spartan Stores announced yesterday (19 December) its intention to purchase specific operating assets from D&W Food Centres.
D&W Food Centres is a privately held Michigan-based retail operator with 20 stores located throughout Western Michigan.
Spartan said the acquisition would increase the company’s annual retail sales by about US$200m through the extension of services to communities and trade areas not currently covered by Spartan’s existing store base.
Commenting on the transaction, Spartan Stores’ chairman, president and chief executive officer Craig C. Sturken said: “This transaction is a component of our previously stated business strategy, which is to grow our business through opportunistic acquisitions of other grocery operators that are adjacent to or in
markets where we operate today.”