Coborns to enter Michigan with 6-store acquisition
Summary
• The acquisition will mark Coborns entry into Michigan, with three Tadychs stores located in the states Upper Penninsula. • The acquisition boosts store count by roughly 10% and further strengthens position in the Midwest retail market. The grocer has also been gradually transitioning its Coborns stores over to a Marketplace model that features expanded perimeter departments, and will open a new location under that format in Buffalo, Minnesota, next month. Its six-store acquisition is the latest in a string of small-scale and regional grocery mergers this year, following Raleys announcement to acquire Bashas’ Family of Stores earlier this month and C&S Wholesale Grocers unveiling plans in July to purchase Piggly Wiggly Midwest. Other notable moves in the space include Bodega Latina acquiring Smart & Final for $620 million and Japanese retailer Pan Pacific International Holdings buying Gelsons.