Martin’s Super Markets acquired by SpartanNash
Published 9:25 am Wednesday, November 21, 2018
GRAND RAPIDS — Martin’s Super Markets Inc. has been acquired by a Grand Rapids-based company, SpartanNash.
The acquisition of the family grocery store chain was announced Tuesday. SpartanNash leaders say they are excited to expand its corporate retail footprint into southwestern Michigan and northern Indiana.
Founded in 1947 and headquartered in South Bend, Martin’s currently operates 21 stores in northern Indiana and southwest Michigan, including in Niles. Martin’s has approximately 3,500 employees between all of its location. In the fiscal year ending July 29, 2018, Martin’s had more than $450 million in net sales.
“We were seeking a partner we could trust with the family’s legacy of exceptional customer service, quality products and value; we found that partner in SpartanNash,” said Rob Bartels, Martin’s president and grandson of the chain’s founders. “SpartanNash has been a valued and capable partner, and our partnership has grown and strengthened over time. We share similar values, a passion for the business, and cultures based on excellent customer service, stewardship of our brands, and commitment to our communities and teams. We look forward to a robust and dynamic future for the Martin’s family.”
SpartanNash executives echoed the enthusiasm over the acquisition.
“We are excited to welcome Martin’s Super Markets to the SpartanNash family,” said David Staples, SpartanNash company president and CEO. “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 to the
communities they serve.”
Staples said SpartanNash looks forward to working with members of the Martin’s team to continue to deliver a quality shopping experience and good customer service.
“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,” he said. “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.”
The transaction is expected to close early in the first quarter of the fiscal year ending Dec. 28, 2019, subject to customary closing conditions.