SpartanNash Ramps Up Supply Chain Network Via Great Lakes Foods Acquisition – SpartanNash (NASDAQ:SPTN)

  • Food Distributor SpartanNash SPTN has acquired Great Lakes Foods, an independent grocery wholesaler, for an undisclosed sum.
  • The company will also acquire Great Lakes’ 300,000-square-foot distribution center in Menominee, Michigan.
  • The warehouse serves approximately 100 independent grocery customers across the Midwest and employs 125 Associates.
  • SpartanNash will continue to employ the Great Lakes Foods team while investing in capital and IT updates to the facility and expanding customer service offerings.
  • Customers of Great Lakes Foods will gain access to SpartanNash’s marketing support, merchandising expertise and portfolio of private label products.
  • “The location of this distribution center is ideal for serving both new and existing customers in the surrounding communities – as well as our own Company-owned stores in the Upper Peninsula,” said SpartanNash Executive Vice President and Chief Strategy and Information Officer Masiar Tayebi.
  • The business integration will occur strategically throughout 2023.
  • SpartanNash held $18.9 million in cash and equivalents as of October 8, 2022.
  • Price Action: SPTN shares are trading lower by 0.10% at $30.49 on the last check Thursday.
  • Photo Via Company

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