PORTLAND, OR - Back in December, Good Food Holdings announced its acquisition of New Seasons Market and New Leaf Community Markets, stating that the deal would be finalized in January. The West Coast neighborhood grocers reported an update to the news last month, announcing that they have closed the transaction to merge with Good Food Holdings.
“We are proud to join the Good Food Holdings family as we have a shared commitment to building community through good food,” said Forrest Hoffmaster, New Seasons Market and New Leaf Community Markets Chief Executive Officer. “This partnership ensures our longevity as a community cornerstone, and enables us to continue to invest in our neighborhoods and staff, inspire environmental stewardship, and champion the local food economy.”
According to a press release, New Seasons Market and New Leaf Community Markets will continue to operate independently as part of Good Food Holdings’ portfolio of companies and as certified B Corporations, with a commitment to the companies’ mission and values.
Hoffmaster and the current local leadership team will continue to lead the organizations, maintaining the companies’ independent operations, company culture, vendor partners, and commitment to supporting the community. Additionally, Hoffmaster will serve on the Good Food Holdings Board of Directors. A new mission advisory council, chartered with ensuring continuity of the companies’ social and community benefit, will provide guidance to the Board of Directors and company leadership.
Congratulations to Good Food Holdings, New Seasons Market, and New Leaf Community Markets on this exciting agreement.
