The wholesale and food distributor,
Nash Finch Company
), has added another Family Fresh Market store to its portfolio.
The store, situated at South Minnesota Avenue in St. Peter, will
be the fifth Family Fresh Market store.
Through the new store Nash Finch will distribute high-quality
perishables, natural and organic products, and service meat,
seafood and bakery products.
The banner was debuted by Nash Finch in 2008 in Hudson, WI
with the conversion of a former Econofoods Store. Later, the
company added another store in New Richmond, WI.
Of late, Nash Finch has been extensively expanding its reach
throughout the U.S. and Canada through long-term agreements and
strategic partnerships. It acquired two supermarkets in North
Dakota to bolster its presence there. In 2013, it entered into an
Dollar Tree Inc
) to supply food items to its stores in the Minnesota
We believe that the company's aggressive store expansion plans
signify that its newly renovated stores with fresh assortment of
fresh-from-farm food items are gaining popularity.
In Jul 2013, NAFC entered into a $1.3 billion definitive
merger agreement with leading grocery distributor
Spartan Stores Inc.
The agreement will close by the end of calendar 2013. The merger
is expected to generate $50 million annual cost synergies and
involve a one-time integration cost of $26 million within three
The merger is of great interest to the investors as the
combined entity will form a leading wholesale and food
distributor boasting 22 distribution centers covering 37 states
and 177 retail stores. Also, Nash Finch will be able to expand in
Michigan, Indiana and Ohio.
Moreover, the new entity is expected to earn about $7.5
billion in sales and will command a strong portfolio of private
brands like Spartan Stores' Spartan and Nash Finch's Our Family
among many others.
Currently, Nash Finch, which competes with
), carries a Zacks Rank #3 (Hold).
DOLLAR TREE INC (DLTR): Free Stock Analysis
NASH FINCH CO (NAFC): Free Stock Analysis
SPARTAN STORES (SPTN): Free Stock Analysis
SUPERVALU INC (SVU): Free Stock Analysis
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