Food solutions company SpartanNash today announced in a press release its acquisition of Metcalfe’s Market, which has two stores in Madison and one in Wauwatosa. The press release says SpartanNash will retain all Metcalfe’s employees, as well as the Metcalfe’s storefront, branding and core shopper experience.
Founded in 1917 by Henry and Teresa Hess, Metcalfe’s Market specializes in premium quality foods, sustainability practices, and an extensive focus on local products featuring Metcalfe’s Food Miles program. Former owners Tim and Kevin Metcalfe – the great-grandsons of Metcalfe’s Market founders – will join the SpartanNash family of Associates.
“Metcalfe’s Market has been a successful family-owned and operated business for four generations, and we are honored that the Metcalfe family is entrusting SpartanNash to build upon their legacy and bring new offerings to its team members and grocery shoppers,” SpartanNash CEO Tony Sarsam said in a statement. “As a People First company, we welcome Tim, Kevin and the entire Metcalfe’s Market team into the SpartanNash family, and we look forward to earning the loyalty of our newest store guests. As a food solutions company, we provide the ingredients for family meals and traditions – just like Metcalfe’s Market has for more than 100 years.”
Metcalfe’s Market will expand SpartanNash’s footprint in Wisconsin to seven stores. Shoppers can expect to find the same products they found at Metcalfe’s Market in addition to an assortment of SpartanNash private label offerings, including the Our Family® portfolio of products. The company will also offer its enhanced loyalty and rewards program featuring digital coupons and weekly grocery savings.
“We are incredibly grateful for the support of our communities for more than a century, and we are confident that with SpartanNash, guests at Metcalfe’s Market will continue to enjoy the same high level of service, quality and variety of products they have come to expect here at Metcalfe’s,” Tim Metcalfe, co-owner of Metcalfe’s Market, said in a statement. “We are thrilled to join the SpartanNash family, and we can’t wait to contribute to their People First culture. SpartanNash has the same commitment to quality and community that Metcalfe’s has been known for over the past four generations.”
According to the press release, full-time Metcalfe’s Market team members will continue to receive a benefits package featuring a variety of medical, vision and dental plans, as well as additional investments in paid time off, wellness perks, tuition reimbursement and more.
The transaction is expected to be completed in spring 2024, subject to customary closing conditions. Terms of the deal were not disclosed.
