Expands Supermarket Store Base 20 Percent To 101 Stores
Spartan Stores, Inc., (Nasdaq: SPTN) today announced that it has entered into a purchase agreement to acquire 17 retail grocery stores, including 15 pharmacies, from VG’s Food Center, Inc. and VG’s Pharmacy, Inc. a privately held Fenton, Michigan-based retail grocery operator and currently the Company’s largest distribution customer. Completion of the transaction is subject to certain customary closing activities including, among others, satisfactory conclusion of the Company’s due diligence process.
