by C&S Wholesale Grocers has been agreed to acquire the American business solution company Spartannash for $ 1.77 billion in cash, including supposed net debt.
The Acquisition Prize marks a premium of 52.5% compared to the recent stock values of Spartannash.
The final merger agreement between C&S and Spartannash has received unanimous approval from the directors’ councils of both companies.
Subject to usual closing conditions, including shareholders and legal approvals, the transaction is expected to close at the end of 2025.
Spartannash has two complementary business segments: food wholesaler and supermarket retail.
The acquisition is expected to bring 60 distribution centers together in the US, with 10,000 independent store locations and more than 200 supermarkets run by companies.
CEO of C&S Eric Winn stated: “Together we unite some of the most advanced possibilities and bravest innovations in the distribution market to better serve communities throughout the country. At C&S […] Our team members strive every day to take care of the stores of our customers as if they were ours. The combination of the possibilities of our two companies places the stores of our collective customers and our own stores in the middle of the plate, to support their ability to thrive in a very dynamic and competitive environment. “
The merger will create a more efficient supply chain, making lower prices for supermarket shoppers possible.
With the profit margins of the supermarkets of 1.6%on average, the combined possibilities of C&S and Spartannash are expected to provide better value for food and household goods.
The combined company will focus on maintaining accessible, affordable nutrition and pharmacy services, in particular in areas that are not served by the retail pharmacies and where access to fresh food is limited.
Wells Fargo has offered a debt financing obligation for the transaction.
Spartannash shareholders will continue to receive a quarterly cash dividend of $ 0.22 per share, affordable on 30 June 2025, for shares from the end of the company on 13 June 2025.
Spartannash President and CEO Tony Sarsam stated: “For our customers, this transaction creates the necessary scale, efficiency and purchasing power that is needed to enable independent retailers to compete more effectively with larger Big Box chains. Neighborhood herbs are essential pillars of our blooming. A blooming. One blooming. A blooming. A blooming. A blooming. A blooming. A blooming. residence of the community. “
In October 2024, Spartannash announced the expansion of his retail footprint by entering into a purchase agreement of assets to acquire Markham Enterprises.
