PHOENIX — Sprouts Farmers Market, which completed its acquisition of Henry's and Sun Harvest Markets last week, expects to begin putting the Sprouts banner on the nine Texas-based Sun Harvest stores in mid-July and to begin rebannering the 34 Henry's in California at the beginning of August, Doug Sanders, president of Sprouts, told SN.
The conversion of the Texas stores will take two or three weeks, while the conversions in California will last 45 to 60 days, Sanders said.
The acquired stores have very little overlap with existing Sprouts stores, he added, "so there are no plans to close any stores at this time, though we have to review our options at some locations going forward."
He said 36 of the 49 employees at the Henry's-Sun Harvest corporate office in Irvine, Calif., have been given jobs with Sprouts, while Sprouts is working with vendors to try to help find positions for the other 13 employees, Sanders said.
He said there are no plans for further acquisitions at this time, and while he did not rule out the possibility of a public offering for Sprouts, he said the company is too busy merging the two operations to think too far ahead, "though an IPO is always a possibility."
