Spartan Stores buys 20 Felpausch supermarkets
Spartan stores has signed the dotted line on the purchase of 20 Felpausch stores, including two gas stations.
Spartan stores has signed the dotted line on the purchase of 20 Felpausch stores, including two gas stations. Sales are expected to increase by $200 million a year.
According to excerpts from the story:
Spartan Stores, Inc., today announced that it has completed the previously announced acquisition of 20 retail grocery stores, two fuel centers and three convenience stores from G&R Felpausch Company, a privately held Hastings, Michigan-based retail grocery operator and current distribution customer. The transaction is expected to increase the Company’s annual retail segment sales by approximately $200 million.
Read the complete story here.
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