In a bold bid to redefine grocery logistics and supply chains across the U.S., C&S Wholesale Grocers announced Monday it will acquire grocery distributor and retailer SpartanNash in a $1.77 billion all-cash transaction, sending shockwaves through the food retail sector.
The blockbuster deal, which includes the assumption of SpartanNash’s net debt, was unanimously approved by both companies’ boards. C&S will pay $26.90 per share, marking a 52.5% premium over SpartanNash’s last closing price of $17.64. Shares of SpartanNash soared nearly 50% on the news, closing Monday at $26.38.
Powerhouse Combination: Distribution Meets Retail Muscle
The proposed merger will unite two major forces in the U.S. grocery supply chain — combining nearly 60 distribution centers and around 200 company-owned retail stores, which together support roughly 10,000 retail locations nationwide.
“Our customers need us more than ever,” said C&S CEO Eric Winn. “This merger is about creating a sustainable platform that supports independent retailers, communities, and team members long into the future.”
