Whole Foods is entering the Wyoming market with the acquisition of Jackson Whole Grocer, a 30 years-old family-owned business, for an undisclosed amount.
The deal, which is expected to close in early 2021, will help Whole Foods establish its presence in Jackson, a global skiing destination that is located close to the Idaho border.
“We’re very similar to a Whole Foods and this is why it’s worked out very well,” said Mike Shepler, assistant store director of Jackson Whole Grocer. “From a mission statement and guiding principles standpoint, we’re very much aligned. We’re community-driven, employee-driven and environmentally friendly.”
The Amazon-owned grocer’s decision to acquire the Wyoming-based store is part of its strategy to expand its presence in the western states. In October last year, the company announced the opening of its first store in Montana. The same month, Whole Foods opened another store in Denver, Colorado, under the Ideal Market brand, Grocery Dive reported. The Denver-based store is located at the same site as a former Whole Foods store and marks the second Ideal Market location store Whole Foods has reportedly opened since it acquired the brand in 2007.