SpartanNash Acquires North Dakota-based Dan's Supermarkets
GRAND RAPIDS, MI - SpartanNash has bought North Dakoka-based independent grocer Dan’s Supermarket. As part of the deal, SpartanNash will acquire six Dan’s stores in the Bismarck-Mandan area, following up its previous purchase of the Dickinson area stores in December 2013. Financial terms of the deal were not disclosed.
“SpartanNash is excited to welcome Dan’s Supermarket into our family,” said Dennis Eidson, SpartanNash CEO, according to the Bismarck Tribune. “We have enjoyed serving the Dickinson community and look forward to the opportunity to provide the Bismarck-Mandan area with quality products, competitive pricing, exceptional customer service, and community support.”
The acquired stores will continue to operate under the Dan’s name. SpartanNash will ship products to the Bismarck-Mandan stores via its Fargo distribution center, replacing Supervalu as the former distributor.
Dan’s Supermarket said in a statement, “SpartanNash has previously shown us in Dickinson that they will be dedicated to continuing to provide quality stores to our customers and being a good responsible local citizen.”
Following the announcement of the purchase, Terrance Rockstad, Chairman of the Board, and Dennis Bosch, CEO, have decided to retire from Dan’s Supermarket after more than 40 years to spend more time with their families.
“While I have enjoyed all my various roles and immersed myself in all the new challenges, it has been difficult to always balance my personal life with my professional life,” said Rockstad, according to the Bismarck Tribune. “My family and also my friends are very important to me, and, this year, it just seemed like the right time to spend more time with my wife, my daughter, and all my treasured friends.”
The deal is expected to be completed by early June.
