Наш Финч Компаниясы: Тарихы мен банкроттығы

Defunct American food distribution company
<! for ibox $93 million loss in 2012, employed 8,134 people worldwide at the end of 2012

The origins of the Nash Finch Company go back to 1885 when Fred Nash opened a small candy and tobacco shop in the Dakota Territory town of Devils Lake. Soon, Nash opened another store with his two brothers in Grand Forks, North Dakota. Edgar and Willis, the brothers, joined Fred in opening in the late 1880s a fruit distribution business. In 1899, the brothers added Harry Finch as an employee to sort lemons. Under terms of the $1.3 billion deal, each Nash share would convert to 1.2 shares of Spartan Stock. Spartan retained 57.7% of the combined company while Nash owns 42.3% of the approximately 38 million outstanding stock shares. Integration and transaction closing related costs of approximately $17 million to $18 million will be recorded in the quarter ending December 28, 2013.

Nash Finch Company, headquartered in Edina, Minnesota (a Minneapolis suburb), was the second largest publicly traded wholesale food distributor in the United States, in terms of revenue, serving the retail grocery industry and the military commissary and exchange systems. Annual sales were approximately $5.21 billion. The Company distributed food products and provides support services to a variety of retail formats including conventional supermarkets, military commissaries, multicultural stores and extreme value stores. Nash Finch Company's core business, food distribution, served independent retailers and military commissaries in 36 states, the District of Columbia, Europe, Cuba, Puerto Rico, the Azores and Egypt. Nash Finch also operated retail stores under the banners Avanza Supermarket, Bag 'N Save, Econofoods, Family Fresh Market, Family Thrift Center, No Frills Supermarkets (USA), Pick 'n Save, Prairie Market, SunMart Foods, Savers Choice, Wholesale Food Outlet, and Piggly Wiggly.