US food distributor Spartan Stores has announced that it has signed a definitive agreement to sell two of its convenience-store distribution units to privately-owned wholesale distributor H T Hackney for US$42m, as well as certain liabilities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Spartan’s L&L/Jiroch and J F Walker distribution units generated a total of $720m in sales for the year to 29 March, reported Dow Jones News.

Spartan, which provides food and other items to around 400 independent grocery stores and around 9,500 convenience stores, said the sale would strengthen its financial position as it focuses on its core grocery operations. It expects the deal to be closed in 45 days.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now