Spartan stores has signed the dotted line on the purchase of 20 Felpausch stores, including two gas stations. Sales are expected to increase by $200 million a year.
According to excerpts from the story:
Spartan Stores, Inc., today announced that it has completed the previously announced acquisition of 20 retail grocery stores, two fuel centers and three convenience stores from G&R Felpausch Company, a privately held Hastings, Michigan-based retail grocery operator and current distribution customer. The transaction is expected to increase the Company's annual retail segment sales by approximately $200 million.
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