SpartanNash expands retail footprint with Fresh Encounter acquisition 

(Source: Supplied)

Food solutions company SpartanNash has acquired Ohio-based supermarket chain Fresh Encounter as part of the strategy to expand its retail footprint.

Owned by third-generation grocers Michael Needler Jr and Julie Anderson, Fresh Encounter operates 49 stores in Ohio, Indiana and Kentucky under the Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market banners. 

According to SpartanNash, the acquisition expands its retail footprint by 33 per cent. The company will continue to employ 2500 team members of Fresh Encounter following the transaction.

This also marks SpartanNash’s second retail acquisition this year, following the addition of Metcalfe’s Market in April. 

“Retail is a critical component of our business model and long-term strategic plan, as we meet consumer needs and leverage insights from our stores to continuously innovate our products and operations across our wholesale business,” SpartanNash CEO Tony Sarsam said.

The acquisition of Fresh Encounter will contribute toward the growth and earnings goals shared in the company’s 2025 long-term plan, Sarsam added.

The transaction is expected to close in late November, subject to customary closing conditions. Financial details of the deal were not disclosed.

You have 7 articles remaining. Unlock 15 free articles a month, it’s free.