Monday, March 31, 2014 / by Daniel Collins
Whole Foods Market Acquiring New Frontiers Stores
Whole Foods Market, Inc. and New Frontiers Natural Marketplace jointly announced that Whole Foods Market will purchase four stores from New Frontiers in Flagstaff, Prescott and Sedona, Ariz.; and San Luis Obispo, Calif. The stores will remain open to continue serving these four communities during the transition as well as going forward.
“As New Frontiers has done so well, Whole Foods Market also has a long history of supporting the communities we serve. We are excited to expand our presence to new markets in Arizona and Central California, bringing our fresh, delicious and competitively-priced products with the highest quality standards in the business to these vibrant communities,” said Patrick Bradley, Whole Foods Market Southern Pacific regional president.
The two companies expect the transaction to be finalized in the next few weeks. The stores will continue to operate under the New Frontiers Natural Marketplace banner until they are re-signed as Whole Foods Market stores. As part of the agreement, Whole Foods Market will offer jobs to all team members at the four acquired locations.