Nasdaq-listed Spartan Stores, has informed that it has completed the acquisition of 17 retail supermarkets and 15 pharmacies from VG's Food Center, Inc. and VG's Pharmacy, Inc., a privately held Fenton, Michigan-based retail grocery operator and the Company's largest independent distribution customer.

The transaction is expected to increase annual retail segment sales by approximately $300 million, with annual consolidated sales increasing approximately $150 million, as VG's is an existing distribution customer.

The acquisition is expected to be slightly dilutive to net earnings in the fiscal 2009 fourth quarter, but accretive during fiscal year 2010.

Michigan-based Spartan Stores, Inc., is the nation's tenth largest grocery distributor with warehouse facilities in Grand Rapids and Plymouth, Michigan. The firm distributes more than 40,000 private-label and national brand products to approximately 350 independent grocery stores in Michigan, Indiana and Ohio.

In addition, Spartan Stores also owns and operates 101 retail supermarkets in Michigan, including Family Fare Supermarkets, Glen's Markets, D&W Fresh Markets, Felpausch Food Centers, and VG's Food and Pharmacy.

The scrip of the company closed the day at $23.15 on Nasdaq. It touched an intraday high and low of $23.49 and $22.83 respectively.