VS 2008 : Writing Contents Of Datagridview In Formatted Colums/rows?

I have a datagridview and I'd like to write it to a file in the same type of row and column format it's currently in.My first idea for doing this is to get the maximum number of characters in each column so i know how wide each column has to be formatted. Then loop through each row and write out each row while using the max characters in each column and the current cells content length to do the math to get the formatted columns to line up. Like the example below, except i'd have a lot more in it.

writer.WriteLine("{0,0}{1," & lb(2).Length + 50 - lb(1).Length & "}", lb(1), lb(2))

This takes label(1) and label(2) and writes them so no mater the length of either (to an extent) then will always be right hand aligned in two columns.