NZX-listed Veritas Investments said last year it was looking to sell six high-profile Nosh stores: Matakana, Ponsonby, Glen Innes, Mt Eden, Greenlane and Pakuranga.
Cochrane said Foodstuffs would retain Phil Mead, owner of the former Nosh on Constellation Drive.
"Phil has the same entrepreneurial spirit as all our owner-operators and we're pleased to have him as part of the co-operative. He enjoys all aspects of the business, both behind the scenes and out on the shop floor helping his customers. He's proven this through the two successful Auckland businesses he owned before buying this store, which were highly regarded and nominated for several awards during his tenure," Cochrane said.
Mead welcomed the opportunity.
"Being part of the Foodstuffs co-operative is great for my business and I'm excited to be part of this new concept that New World is developing," Mead said.
Foodstuffs has a big expansion and refurbishment plan under way, including developing a New World in Papatoetoe, the $15 million project to replace New World Te Kuiti, a $25m project for a New World Papakura, a $13 million upgrade of New World Orewa and converting New World Clendon into a Pak'nSave.
Countdown is also in expansion mode in New Zealand.