Albertson’s has announced that it intends to acquire Texas-based United Supermarkets, which operates 50 retail stores, seven convenience stores and 26 fuel centres.
Upon completion of the transaction, United will operate as a new business unit under Albertson’s company structure, with Robert Taylor, current CEO, continuing to lead United in his new capacity of president.
“United has built an exemplary operation in Texas, complementary to our own go-to-market strategy in many respects,” explained Bob Miller, chief executive officer of Albertson’s. “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 programmes that have engaged team members and given back tremendously to their Texas communities, just as our Albertsons stores do every day,' he added. '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, the group explained - United continuing to make decisions locally, similar to the other operating divisions in Albertson’s LLC.
The transaction is expected to be complete by the end of October, subject to customary government approvals.
