SpartanNash was highlighted as the No. 1 “hottest company” on the annual Fortune 500 list published this month. The designation recognizes the largest annual revenue increase among companies on the list.
Spartan Stores’ merger with wholesale rival Nash Finch, completed in late 2013, more than tripled Spartan’s 2014 revenues, moving the company up 452 spots to #359 on the list of public U.S. companies ranked by revenue.
“This is clearly a consolidating industry and the merger was a strategic decision that has allowed SpartanNash to be in a strong position in the grocery wholesale and retail industry, and to be well-positioned for future consolidation opportunities should they present themselves,” Dennis Eidson, president and CEO, SpartanNash, said in a statement. “SpartanNash is a ‘better together’ company, with a vision to be a best in class business that feels local, where relationships matter.”
A robust three-year integration plan has been led by VP counterparts from both sides of the merger, who have been committed to developing a “better together” company operating on collective best practices, the Grand Rapids, Mich.-headquartered company added.
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