The food solutions company has acquired the
three-store Wisconsin grocer,
continuing employment for all Metcalfe's Market
employees
GRAND
RAPIDS, Mich., April 15,
2024 /PRNewswire/ -- Food solutions company
SpartanNash (the "Company") (Nasdaq: SPTN) today announced its
acquisition of Metcalfe's Market, a three-store grocery chain in
Wisconsin. Upon close of the sale,
the Madison and Wauwatosa, Wis. locations will be continuing
employment for all employees. The Metcalfe's Market storefront,
branding and core shopper experience will remain in place.
Founded in 1917 by Henry and Teresa
Hess, Metcalfe's Market is a community staple, specializing
in premium quality foods, sustainability practices, and an
extensive focus on local products featuring Metcalfe's Food Miles
program. Former owners Tim and Kevin
Metcalfe – the great-grandsons of Metcalfe's Market founders
– will join the SpartanNash family of Associates.
"Metcalfe's Market has been a successful family-owned and
operated business for four generations, and we are honored that the
Metcalfe family is entrusting SpartanNash to build upon their
legacy and bring new offerings to its team members and grocery
shoppers," said SpartanNash CEO Tony
Sarsam. "As a People First company, we welcome Tim,
Kevin and the entire Metcalfe's Market team into the SpartanNash
family, and we look forward to earning the loyalty of our newest
store guests. As a food solutions company, we provide the
ingredients for family meals and traditions – just like Metcalfe's
Market has for more than 100 years."
Metcalfe's Market will expand SpartanNash's footprint in
Wisconsin to seven stores.
Shoppers can look forward to the same great products they enjoyed
at Metcalfe's Market in addition to a wide assortment of
SpartanNash private label offerings, including the Our
Family® portfolio of products. The Company will also
offer its enhanced loyalty and rewards program featuring digital
coupons and weekly grocery savings.
"We are incredibly grateful for the support of our communities
for more than a century, and we are confident that with
SpartanNash, guests at Metcalfe's Market will continue to enjoy the
same high level of service, quality and variety of products they
have come to expect here at Metcalfe's," said Tim Metcalfe, co-owner of Metcalfe's Market. "We
are thrilled to join the SpartanNash family, and we can't wait to
contribute to their People First culture. SpartanNash
has the same commitment to quality and community that Metcalfe's
has been known for over the past four generations."
As part of the acquisition, full-time Metcalfe's Market team
members will continue to receive a benefits package featuring a
variety of medical, vision and dental plans, as well as additional
investments in paid time off, wellness perks, tuition reimbursement
and more. Those interested in Careers for a Better Life can
continue to apply for positions at all three Metcalfe's Market
locations at shopmetcalfes.com and will have expanded opportunities
across the SpartanNash network as well.
The transaction is expected to be completed in spring 2024,
subject to customary closing conditions. Terms of the deal were not
disclosed.
About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that
delivers the ingredients for a better life. Committed to fostering
a People First culture, the SpartanNash family of Associates
is approximately 17,000 strong. SpartanNash operates two
complementary business segments – food wholesale and grocery
retail. Its global supply chain network serves wholesale customers
that include independent and chain grocers, national retail brands,
e-commerce platforms, and U.S. military commissaries and exchanges.
The Company distributes products for every aisle in the grocery
store, from fresh produce to household goods to its OwnBrands,
which include the Our Family® portfolio of products. On
the retail side, SpartanNash operates 144 brick-and-mortar grocery
stores, primarily under the banners of Family Fare, Martin's Super
Markets and D&W Fresh Market, in addition to dozens of
pharmacies and fuel centers. Leveraging insights and solutions
across its segments, SpartanNash offers a full suite of support
services for independent grocers. For more information, visit
spartannash.com.
CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
press@spartannash.com
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SOURCE SpartanNash
