Spartan To Buy DW Holdings

December 19, 2005
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GRAND RAPIDS — Grocery wholesaler and retailer Spartan Stores Inc. announced this morning that it will buy "certain operating assets" from Grand Rapids-based D&W Food Centers Inc. D&W operates 20 stores throughout West Michigan. Neither company initially disclosed how many of those stores Spartan may purchase.

"This transaction will significantly strengthen our competitive retail market position by expanding our services to certain communities and trade areas not currently served by our existing store base," said Spartan President, Chairman and CEO Craig Sturken. "D&W Food Centers is a very well-respected name in western Michigan grocery retailing. … This combination presents an outstanding opportunity to pool the talents and resources of both organizations to benefit consumers in the West Michigan market. Our distribution customers, associates and the communities where we operate will all benefit from the economies of scale created from this transaction."

The company will hold a press conference at 10 this morning, at which point more details about the transaction are expected.        

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