Done Deal: C&S Wholesale Grocers completes $1.77B acquisition of SpartanNash
C&S Wholesale Grocers has gained a national distribution footprint via acquisition.
C&S has completed its acquisition of SpartanNash Company. Under the terms of the deal, which was announced in June, C&S agreed to acquire SpartanNash for $26.90 per share, in a deal valued at $1.77 billion, including debt.
The combined company operates almost 60 complementary distribution centers and serves close to 10,000 independent retail locations, as well as military commissaries and exchanges, with more than 200 corporate-run grocery stores. It employs more than 30,000 team members.
“The combination of these two great companies creates a platform for future success,” stated Eric Winn, CEO of C&S. “The industry continues to evolve at a rapid pace, and both our customers and our own businesses must evolve at or ahead of that pace, in order to compete effectively and win. The integration of two industry-leading companies will drive an even better service experience for chain, independent and military customers across the nation, with the right products at the right prices to support tailored assortments.”
C&S delivers supply chain solutions, products and services to chain, independent and military customers from 60 distribution centers nationwide. It operates more than 200 corporate-run grocery stores primarily under the banners: D&W Fresh Market, Grand Union, Family Fare, Martin's Super Markets and Piggly Wiggly.
SpartanNash operates two complementary business segments: food wholesale and grocery retail. On the retail side, the company operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with convenience stores.
“Our combined capabilities will create meaningful new opportunities for our people, customers and shoppers as we continue to deliver the ingredients for a better life,” said SpartanNash president and CEO Tony Sarsam, who will now serve as an advisor for a transitionary period with the combined company.
