On April 18th, Sprouts Farmers Market announced that its acquisition and merger with Henry’s Farmers Market is final. “The authorities have given their approval, the papers have been signed, and now at long last these two companies — both founded by the Boney family of San Diego, years apart — are being "reunited,” said Sprouts President, Doug Sanders, in a letter to customers.
The companies announced the pending merger, as reported here, on Feb. 14th.
The merger will bring the Western chain to 99 stores, with several more slated to open this year. The company did not announce any major changes on the docket other than the Henry’s and Sun Harvest stores changing over to the Sprouts' banner.
Through the deal, Apollo Global Management, a large private equity firm, is now the majority owner of Sprouts. Apollo also owns grocery chain Smart & Final, but the two chains will remain distinct.