Sprouts, Sunflower finalize merger - The Packer

Sprouts, Sunflower finalize merger

05/31/2012 07:53:00 AM
Pamela Riemenschneider

Nearly a year and a half after it bought Henry’s, Phoenix-based Sprouts Farmers Market finalized a deal to purchase Boulder, Colo.-based Sunflower Farmers Market.

click image to zoomThe completed merger of 37 Sunflower Farmers Market stores, announced May 29, gives Sprouts a total of 144 stores with six new store openings scheduled this year. Investment firm Apollo Management LP is the majority owner of Sprouts.

All Sunflower stores will be re-branded under the Sprouts banner, starting in July, according to a news release. The rebranding includes new interior and exterior signs, updated fixtures and an expanded merchandise mix.

A Sprouts spokesperson said Sunflower’s corporate offices will be consolidated to Phoenix over the next few weeks. The merger gives Sprouts market share in areas where it previously did not have a strong presence, in Nevada, New Mexico, Oklahoma and Utah, the spokesperson said.

“Everyone at Sprouts is eager to work with the Sunflower team to build a stronger company,” said Shon Boney, chief executive officer of Sprouts, in a news release. “In joining forces, we will create a company that is not only bigger, but better and continue to provide our signature shopping experience with a strong commitment to value and natural products.”



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Bob    
Bobville  |  June, 19, 2012 at 03:41 PM

Great! Now my favorite store is being owned by an investment firm where the bottom line and profits come first!

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