Spartan acquires 17 supermarkets and 15 pharmacies from VG's

12/30/2008

GRAND RAPIDS, Mich. Spartan Stores has finished its acquisition of 17 supermarkets and 15 pharmacies from VG's Food Center and VG's Pharmacy, the grocery distributor announced Monday.

VG's is based in Fenton, Mich., and is Spartan's largest independent distribution customer. Because of that, Spartan expects the acquisition to increase annual retail segment sales by about $300 million, with annual consolidated sales increasing by around $150 million.

"We are very pleased to complete the acquisition of VG's retail stores," Spartan president and chief executive officer Dennis Eidson said in a statement. "This transaction provides us with the opportunity to sustain our long-term performance improvement record, capture additional operational synergies and serve communities in key Michigan markets where we had no retail presence."

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