GRAND RAPIDS, Mich. -- (BUSINESS WIRE) -- SpartanNash Company (Nasdaq: SPTN), a member of the Fortune 500, today announced that its corporate headquarters will be located in Grand Rapids, Michigan and the company will retain a strong regional presence in Minneapolis, Minnesota to support food distribution and in Norfolk, Virginia to support military operations. SpartanNash chose Western Michigan as its headquarters due to it being centrally located to the merged entities operations, the positive business climate taking hold in Michigan, including a more favorable tax environment, and the quality of life Michigan provides for its associates.
The company will receive a performance-based grant from the Michigan Strategic Fund under the Michigan Economic Development Program. The grant, totaling up to $2.75 million, was awarded to SpartanNash to support the retention of 620 existing jobs and the creation of 72 new jobs, while providing flexibility for the company’s future growth needs.
“We are pleased that this merger has enabled our company to create a stronger organization and provide a platform for growth. We appreciate all of the support and assistance provided by the Michigan Economic Development Corporation during this process,” said Dennis Eidson, president and CEO of SpartanNash Company. “Our partnership with state and local leaders will ensure the continuing growth of our company for years to come.”
The state’s incentive and support was secured with the efforts of The Right Place, Inc., a regional non-profit economic development organization and Byron Township.
SpartanNash (Nasdaq: SPTN) is a Fortune 500 company and the largest food distributor serving military commissaries and exchanges in the United States, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. SpartanNash currently operates 177 supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods.
This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements regarding the expected benefits of the merger and statements preceded by, followed by or that otherwise include the words "expects" or “looks forward to,” or similar expressions or that an event or trend "will" occur. Forward-looking statements relating to expectations about future results or events are based upon information available to SpartanNash as of today's date, and are not guarantees of the future performance of the combined company, and actual results may vary materially from the results and expectations discussed. Additional risks and uncertainties related to the merger include, but are not limited to, the successful integration of Spartan Stores' and Nash Finch's business and the combined company's ability to compete in the highly competitive grocery distribution and retail grocery industry. Additional information concerning these and other risks is contained in Spartan Stores' and Nash Finch's most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other SEC filings. All subsequent written and oral forward-looking statements concerning SpartanNash, the merger, or other matters and attributable to SpartanNash or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. SpartanNash does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.