For those who have had to struggle with their natural-food-shopping choices, the choice will soon be a little less taxing. Today serves as a big day in the natural food game, with heavyweights Sprouts Farmers Market and Henry’s Farmers Market announcing an agreement to combine their operations under the ownership and sponsorship of Apollo Management, one of the world’s leading private equity firms.
The Boney family has had their hands in both companies over the years, but the combined company will operate under the Sprouts Farmers Market name and will be one of the largest players in the fast-growing “farmers market” arena. The transaction between the two companies is expected to close early in the second quarter 2011. The combined company plans to open up 10 additional new stores during 2011, along with their standing 98 stores and more than 7,000 employees.