- Albertsons to acquire Safeway in deal worth more than $9.1 billion to Safeway shareholders
- Supervalu now features Stayhealthy HealthCENTER Kiosks
- Albertson's LLC opens pharmacy inside California hospital
- Two Supervalu board members, both with Cerberus, resign in wake of Safeway/Albertsons deal
- Senate passes Drug Quality and Security Act
BOISE, Idaho — Albertson’s LLC announced today that it intends to acquire Lubbock, Texas-based United Supermarkets, which operates 50 retail stores under the United Supermarkets, Market Street and Amigos banners.
In addition, its United Express brand has seven convenience stores and 26 fuel centers. United operates two divisions: RC Taylor, which distributes tobacco, candy and general merchandise, and Praters, which manufactures prepared foods, including meats, side dishes and fresh tortillas. It also has a subsidiary, Llano Logistics, which operates two distribution centers in Lubbock and Roanoke, Texas.
Financial terms of the deal were not disclosed. The transaction is expected to be complete by the end of October, subject to customary government approvals.
Upon completion of the transaction, United will operate as a new business unit under Albertson’s LLC’s company structure. Robert Taylor, current CEO, will continue to lead United in his new capacity of president, reporting directly to Bob Miller, CEO of Albertson’s LLC.
“United has built an exemplary operation in Texas, complementary to our own go-to-market strategy in many respects,” Miller explained. “The family and leadership team have done a tremendous job in establishing and perpetuating a remarkable service culture and commitment to fresh, quality foods throughout their stores, even as they’ve grown. They’ve also developed strong community programs that have engaged team members and given back tremendously to their Texas communities, just as our Albertsons stores do every day. Our team feels there is an exceptional opportunity to invest in and grow their brands.”
The chain, which had been family-owned since 1916, will continue to operate much as it does today following the acquisition. United will continue to make decisions locally, similar to the other operating divisions in Albertson’s LLC.
“United has an entrepreneurial spirit, just like Albertsons,” Miller continued. “We’ve learned over the last seven years that our decentralized operating strategy empowers local management to build stronger brands across diverse market areas. United has operated much the same way in their acquisitions of R.C. Taylor and Praters in 2007 and 2009, respectively. It’s a great fit between two great companies. United runs a fantastic operation, and will maintain its own unique identity.”
Albertson’s LLC currently operates 76 stores in Texas, the majority of which are in the Dallas-Fort Worth Metroplex, and has just more than 600 stores company-wide. After the acquisition is complete, Albertson’s LLC will operate approximately 650 stores and 11 distribution centers in 16 states.