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SPARTAN STORES INC. /Grand Rapids, Michigan Grocer Sticks With Customers By Buying Them.(THE NEW AMERICA)
Byline: Marilyn Much
James Meyer likes to stick with his customers -- so much so that since 1999 he's bought five of them.
Meyer is president and chief executive of Spartan Stores Inc. On his watch, the company has been on a buying binge that's turned what was strictly a food wholesaler into a top regional supermarket and drugstore chain.
Spartan runs and supplies 127 groceries and drugstores. Most are located in Michigan and Ohio and operate under the names Ashcraft's and Food Town. The company's wholesale business distributes goods to 350 independent grocers and 9,600 convenience stores.
On The Prowl
Spartan's most recent acquisition came in March, when it closed on the purchase of Prevo's Family Markets Inc., a 10-store grocery chain in western Michigan that Spartan has been supplying for years. Its Prevo's buy adds about $50 million in sales.
Now Meyer is on the prowl for more buys. He's looking for neighborhood or independent supermarkets in contiguous markets within the Great Lakes region, where Spartan operates.
- Spartan Stores Completes Merger with Seaway Food Town, To Begin Trading August...
- Press release article from: Business Wire August 1, 2000 700+ words
...ended March 25, 2000, Spartan Stores and Seaway Food Town had combined pro forma...mailing to each Seaway Food Town and Spartan Stores shareholder a...about the merger of Spartan Stores, Inc. and Seaway Food Town, Inc. and the business...
- Seaway Food Town Shareholders Approve Merger With Spartan Stores.
- Press release article from: Business Wire July 18, 2000 700+ words
...18, 2000 Seaway Food Town, Inc. (Nasdaq...announced merger with Spartan Stores, Inc...closing, Seaway Food Town's common stock...the following day Spartan Stores' common stock...ticker symbol. Seaway Food Town is a leading food...
- Spartan Stores Files Registration Statement to Complete Merger With Seaway Food...
- Press release article from: Business Wire May 16, 2000 700+ words
...traded company, Spartan Stores currently...the SEC. Seaway Food Town, Inc. (Nasdaq...Financial Officer of Spartan Stores, Inc. at...the SEC by Seaway Food Town will be available...merger with Seaway Food Town may not be completed...described in the Spartan ...
- Spartan Stores' Shareholders Approve Merger With Seaway Food Town.
- Press release article from: Business Wire July 18, 2000 700+ words
...about the merger of Spartan Stores, Inc. and Seaway Food Town, Inc. and the business and operations of Spartan Stores that involve...merger with Seaway Food Town may not be completed...factors described in the Spartan Stores' Registration...
- Spartan Stores, Inc. to Merge With Seaway Food Town, Inc. and Apply for Listing...
- Press release article from: Business Wire April 7, 2000 700+ words
...Grand Rapids-based Spartan Stores, Inc. and Toledo-based Seaway Food Town, Inc. (Nasdaq:SEWY...According to Jim Meyer, Spartan Stores' President and...position. Seaway, with 47 Food Town supermarkets and 26...drugstores, will be Spartan Stores' largest supermarket...
- Spartan Puts Food Town Chain In Line for a Sale.(Spartan Stores Inc.)
- Newspaper article from: Mergers & Acquisitions Report Cecil, Mark February 17, 2003 700+ words
Spartan Stores Inc. is trying...retail grocery chain Food Town. On Feb. 4, Grand Rapids, Mich.-based Spartan said it hired investment...source familiar with Food Town said the stores are losing money. Spartan does not break out...
- Spartan Stores Names Divisional Vice Presidents of Operations for Food Town and...
- Press release article from: Business Wire August 2, 2000 700+ words
...Aug. 2, 2000 Spartan Stores, Inc...operations for Food Town and Ross England...part of Seaway Food Town, with which Spartan Stores completed...operations in sync with Spartan's, while at...and service that Food Town and The Pharm...
- Michigan-Based Spartan Stores to Close Three Food Town Stores in Ohio.
- Newspaper article from: Knight Ridder/Tribune Business News June 14, 2003 700+ words
...News Jun. 14--Spartan Stores, Inc., will close three Food Town stores in Ohio next...smaller than the Food Town. Officials at Grand...Mich.-based Spartan refused to comment...purchase of the Food Town across town in Perrysburg...confidentiality agreement with ...
