Healthier Choices Management Corp. says it has acquired GreenAcres Market, an organic and natural health food and vitamin chain with five store locations in Kansas and Oklahoma.
GreenAcres Market is a chain of natural foods stores offering organic and all-natural products and vitamins from national brands and locally sourced specialty brands, according to a news release. GreenAcres Market offers everything from organic produce to natural groceries, dietary supplements and freshly prepared food. The acquisition marks HCMC’s market expansion into the Midwestern region of the U.S., the company said.
HCMC CEO Jeffrey Holman announced the continued expansion of its grocery segment through the acquisition of GreenAcres Market.
“We see this move as another strategic step toward achieving HCMC’s growth goals. Based on their past success, we anticipate the GreenAcres acquisition will propel annual top-line revenue to roughly $75 million,” Holman said in the release.
Holman expressed confidence in GreenAcres Market’s ability to strengthen HCMC’s financial position and market share.
“This acquisition aligns perfectly with HCMC’s commitment to sustainable growth in the organic supermarket industry and its long-term strategic objectives,” he said.
“We are excited that GreenAcres Markets will begin a new chapter with HCMC as this acquisition highlights a shared focus on quality products and customer service,” GreenAcres’ Hoffmann family shared in the release. “The potential synergies of bringing like-minded stores together will help maintain the natural products industry’s mission of alternative health education.”
