CEO: Merger Creates Bigger and Better Natural Foods Chain
Sprouts Farmers Market and Sunflower Farmers Market have announced the merger deal between the two companies has closed, creating a new natural foods chain with 144 stores and $2 billion in revenue. Moving ahead, the company will transition all stores to the Sprouts banner. The company’s headquarters will be located at Sprouts current office in Phoenix.
"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," said Shon Boney, CEO of Sprouts, in a statement. "The customers and employees of both stores have a lot to look forward to as we launch this great adventure."
Sprouts plans to begin remodeling current Sunflower locations in July with conversions to be completed by the end of the year. The chain expects to have 150 stores operating by that time in Arizona, California, Colorado, Nevada, New Mexico, Oklahoma, Texas and Utah.
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Discussion Questions: What will this merger mean for the new, larger Sprouts Farmers Market and its competitors? Do you see opportunities for the chain to grow beyond its current eight state footprint, perhaps even going national at some point?