Spartan to Pay $38.5 Million for Felpausch

GRAND RAPIDS, Mich. -- Spartan Stores here said it has agreed to pay $38.5 million for its previously announced acquisition of certain assets of G&R Felpausch Co., Hastings, Mich., including $2 million that will be held for 18 months pending indemnification and other matters.

GRAND RAPIDS, Mich. -- Spartan Stores here said it has agreed to pay $38.5 million for its previously announced acquisition of certain assets of G&R Felpausch Co., Hastings, Mich., including $2 million that will be held for 18 months pending indemnification and other matters. Spartan also will purchase the store inventories. The company revealed the purchase price in a filing with the Securities and Exchange Commission. As previously reported, Spartan plans to acquire 20

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