Sprouts Completes Sunflower Buyout
Phoenix, Ariz.-based Sprouts Farmers Market closed its buyout of Sunflower Farmers Market this week, with the combined company scheduled to be operated under the Sprouts banner.
The new company will have 144 stores, with six more scheduled to open this year, 11,000 employees, and about $2 billion in 2012 revenues.
“Everyone at Sprouts is eager to work with the Sunflower team to build a stronger company,” Sprouts CEO Shon Boney said in a news release. “In joining forces, we will create a company that is not only bigger, but better, and continue to provide our signature shopping experience with a strong commitment to value and natural products.”
The conversions of Sunflower stores to Sprouts will begin in July, the company said, and take place in phases through the rest of 2012. Stores will receive new interior and exterior signs, updated fixtures, and an expanded merchandise mix.
The deal puts Sprouts in four new states – Nevada, New Mexico, Oklahoma, and Utah. The company will remained headquartered in Phoenix, with Sunflower’s corporate headquarters in Phoenix and Boulder consolidated into the Sprouts office.
“The customers and employees of both stores have a lot to look forward to as we launch this great adventure,” Boney said.