Spartan Stores announces acquisition of D&W Food Centers, Inc.
The transaction is expected to increase the Company's retail segment sales by approximately $200 million annually and, excluding unusual charges, be accretive to earnings within the first 12 months.
28/03/06 Spartan Stores, Inc., has announced that it has completed the acquisition of certain operating assets of D&W Food Centers, Inc., and will assume operations of 16 D&W Food Center retail stores in west Michigan. As previously announced, the transaction is expected to increase the Company's retail segment sales by approximately $200 million annually and, excluding unusual charges, be accretive to earnings within the first 12 months. D&W Food Centers, Inc. has been operating retail grocery stores in the west Michigan market since 1943.
Grand Rapids, Michigan-based Spartan Stores, Inc., is the nation's tenth largest grocery distributor with warehouse facilities in Grand Rapids and Plymouth, Michigan. The Company distributes more than 40,000 private-label and national brand products to more than 350 independent grocery stores in Michigan, Indiana and Ohio. Spartan Stores also owns and operates 70 retail supermarkets and 19 deep-discount food and drug stores in Michigan and Ohio, including Family Fare Supermarkets, Glen's Markets, D&W Fresh Markets, and The Pharm.
