Another SpartanNash acquisition fuels growth
SpartanNash has entered into an asset purchase agreement with Markham Enterprises, Markham Oil and its affiliates, a chain of convenience stores and fuel distributor in mid-Michigan. Following the closing of this transaction in early December, SpartanNash will continue employment of Markham Enterprises' team members. This is the company's second acquisition this month and third of the year.
"Markham Enterprises fits well in our current retail portfolio, as we look to expand our fuel center and convenience store footprint," said SpartanNash Executive Vice President and Chief Strategy and Information Officer Masiar Tayebi. "We are in the process of refreshing many of our existing fuel centers, so this acquisition is another exciting milestone in our investment in this part of our business — and in our strategic growth plans overall. We will continue to leverage insights from our fuel centers and convenience stores to continuously innovate our products and operations across our wholesale business, unlocking new customer potential."
"Our team is impressed with SpartanNash's business model and the importance they place on their People First culture," said Markham President and CEO Denise Markham. "We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell and Lansing communities - and our Associates."
The transaction is expected to close in December, subject to customary closing conditions. Earlier this month SpartanNash acquired a 49-store supermarket chain serving Ohio, Indiana and Kentucky, expanding its retail footprint by 33 percent.
