Minneapolis, Minnesota based wholesale food distributor,
Nash Finch Company
) inaugurated two new Family Fresh Markets in the Wisconsin and
Farmington regions in Minnesota. While the company inaugurates a
new Family Fresh Markets at 303 South Main Street, River Falls,
Wisconsin, today, the other one will be inaugurated tomorrow at 15
Elm Street, Farmington.
There are currently two Family Fresh Markets stores in this
region. The stores will offer products like meat, seafood, natural
and organic foods at a competitive price.
As a part of the opening ceremony the company will donate cash
to the local community Food Banks and also donate books to local
schools via Nash Finch's Feeding Imagination program.
As part of its expansion strategy, in May 2012, the company
entered into an agreement to supply food to more than 80 Dollar
General Stores, in the Nebraskan region. The company has been
strategically moving ahead to acquire major operating units before
Walmart steps into the region of Nebraska. As a part of this
strategy it acquired 'Bag n Save' supermarkets and 'No Frills'
supermarket in May 2012, which will help it to spread its business
in the Nebraska region.
Nash Finch operates corporate-owned grocery stores, located
primarily in the Upper Midwest, in the states of Colorado, Iowa,
Minnesota, Nebraska, North Dakota, Ohio, South Dakota and
Wisconsin. The corporate-owned stores principally operate under the
Sun Mart, Econofoods, Avanza, Family Thrift Center, Pick 'n' Save,
Family Fresh Market, Prairie Market, and Wholesale Food Outlet
Currently, we have a long-term Neutral recommendation on Nash
Finch, which carries a Zacks #4 Rank (short term Sell rating).
NASH FINCH CO (NAFC): Free Stock Analysis
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