Private Label Buyer

Spartan to Acquire Supermarkets and Pharmacies from VG's

October 16, 2008

Spartan Stores Inc., Grand Rapids, Mich., said it entered into an agreement to acquire 17 grocery stores, including 15 pharmacies, from Fenton, Mich.-based VG’s Food Center Inc. and VG’s Pharmacy Inc. Spartan said it expects to close the transaction near the end of its fiscal 2009 third quarter. Spartan also said it expects the acquisition to increase annual retail segment sales by approximately $310 million.