M&A Deal Summary

SpartanNash Acquires Blue Ribbon Transport

On November 4, 2016, SpartanNash acquired transportation company Blue Ribbon Transport from Caito Foods Service

Acquisition Highlights
  • This is SpartanNash’s 1st transaction in the Transportation sector.
  • This is SpartanNash’s 4th transaction in the United States.
  • This is SpartanNash’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2016-11-04
Target Blue Ribbon Transport
Sector Transportation
Buyer(s) SpartanNash
Sellers(s) Caito Foods Service
Deal Type Divestiture

Target

Blue Ribbon Transport

Indianapolis, Indiana, United States
Blue Ribbon Transport is a logistics company specializing in produce, food and beverage.

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Buyer(S) 1

Buyer

SpartanNash

Grand Rapids, Michigan, United States
Category Company
Founded 1917
Sector Distribution
Employees17,000
Revenue 9.7B USD (2023)
DESCRIPTION
SpartanNash's corporate headquarters in Grand Rapids, Michigan.
SpartanNash's corporate headquarters in Grand Rapids, Michigan.

SpartanNash is a grocery distributor. SpartanNash was founded in 1917 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 4 of 9
Sector (Transportation) 1 of 1
Type (Divestiture) 2 of 2
State (Indiana) 2 of 3
Country (United States) 4 of 9
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Caito Foods Service - Produce Distribution

Indianapolis, Indiana, United States

Caito Foods Service, Inc. - Produce Distribution is a distributor of cut fruits and vegetables to retail industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 Martin’s Super Markets

South Bend, Indiana, United States

Martin’s Super Markets, Inc. is an independent supermarket chain. Martin's currently operates 21 stores in Northern Indiana and Southwest Michigan. Martin’s Super Markets, Inc. was founded in 1947 and is based in South Bend, Indiana.

Buy -

Seller(S) 1

SELLER

Caito Foods Service

Indianapolis, Indiana, United States
Category Company
Founded 1965
Sector Food
DESCRIPTION

Caito Foods Service, Inc. is a provider of fresh fruit and vegetables to grocery retailers and food service distributors across 22 states in the Southeast, Midwest and Eastern United States.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Divestiture) 2 of 2
State (Indiana) 2 of 2
Country (United States) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Caito Foods Service - Produce Distribution

Indianapolis, Indiana, United States

Caito Foods Service, Inc. - Produce Distribution is a distributor of cut fruits and vegetables to retail industry.

Sell -
Mergr

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