GRAND RAPIDS, Mich. — Spartan Stores here yesterday said it has completed the acquisition of the 17-unit VG's Food & Pharmacy chain, which is the wholesaler's largest customer.
The $85 million, all-cash transaction had been announced in October. The deal is expected to increase Spartan's retail sales by $300 million. The acquisition is expected to be dilutive to net income in the fourth quarter, but accretive to earnings in fiscal 2010.
"This transaction provides us