Martin's Super Markets Acquisition Complete

Posted: Updated:
(photo courtesy of Martin's Super Market) (photo courtesy of Martin's Super Market)
SOUTH BEND -

Michigan-based SpartanNash (Nasdaq: SPTN) has completed its acquisition of South Bend-based Martin's Super Markets. The purchase was closed on December 31st, but terms were not disclosed.

The acquisition includes 21 Martin's Super Markets in northern Indiana and southwest Michigan, eight fuel centers, 17 in-store pharmacies, a pharmacy at Saint Joseph Health System in Mishawaka, a Martin's Express convenience store in South Bend and a Side Door Cafe at Elkhart General Hospital. Martin's employed 3,500 people, but its not known if any of the jobs will be affected by the acquisition. 

This is the second acquisition of an Indiana company for SpartanNash in the last two years. In January 2017, the company acquired Indianapolis-based Caito Foods Service in a $217 million deal.

  • Perspectives

    • Market Caps: What's in Your Portfolio?

      Investors understand the importance of having a proper balance of large-, mid-, and small-cap companies in their stock portfolios. Unfortunately, there are no strict rules followed by index funds when categorizing by company size. When you "check under the hood" of your portfolio, you may discover you’re taking more (or less) risk than you intended! What Is Market Cap? Market capitalization, or market cap, is a term used to represent the size of a company.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (Image of planed West Lake Corridor Expansion of the South Shore commuter rail line provided by the Northwest Indiana Regional Development Authority.)

      South Shore Extension Moves Closer to Federal Funding

      The South Shore Line West Lake Corridor is a step closer to up to $440 million in federal funding, thanks to a positive project rating from the Federal Transit Administration. The "medium-high" rating means the project, which involves the extension of the South Shore Line between Dyer and Hammond, is eligible for funding to cover a large portion of the more than $700 million project. The rating came from the FTA's Fiscal Year 2020 Annual Report on Funding Recommendations...

    • (photo courtesy of our partners at The Times of Northwest Indiana)

      Indiana Leads U.S. Steel Production

      Indiana once again led the nation in steel production in 2018. Jake Murphy with the American Iron and Steel Institute tells our partners at The Times of Northwest Indiana steel mills throughout the state made 26.7 million net tons of steel last year, up from 24.1 million in 2017. 

    • More Families Earn Hoosier Homestead Awards

      More than 50 families from throughout the state have been recognized for operating longstanding farms. Lieutenant Governor Suzanne Crouch and State Department of Agriculture Director Bruce Kettler have presented the latest Hoosier Homestead Awards, recognizing farms owned by the same family for more than 100 consecutive years.

    • The museum says the moves are in response to controversy over the HBO film "Leaving Neverland."

      Children's Museum Details Michael Jackson Decisions

      The Children's Museum of Indianapolis says it was in "an excess of caution" that it decided to remove multiple Michael Jackson artifacts from two exhibits. In a statement, the attraction says it will keep several Michael Jackson pictures on display as part of a direct recreation of AIDS activist and victim Ryan White's room.   Three Michael Jackson artifacts have been removed from two exhibits at The Children’s Museum of Indianapolis: his iconic...

    • The vacancy is being left by retiring Justice Brent Dickson.

      Supreme Court Removes Rental Fee Exemptions

      The Indiana Supreme Court has ruled that rental fees must be capped at $5 per unit in Bloomington and West Lafayette. Our partners at WFYI report the ruling removes an exemption for the cities from a 2014 state law that capped rental registration and inspection fees.