Supervalu Closes Acquisition of Albertson's

Supervalu Inc. (Minneapolis) completed its acquisition of the premier retail properties of Albertson's, Inc., which includes Acme Markets, Bristol Farms, Jewel, Shaw's Supermarkets, Star Markets, and Albertsons stores in the West, Northwest and Southern California regions. As a result of the acquisition, which totals more than 1,100 stores, Supervalu will reportedly become the nation's third-largest supermarket chain by revenues.

"Today, Supervalu begins a new era with significant momentum as a national retail powerhouse. This transformational transaction creates a company with some of the nation's most prestigious supermarket banners, a network of approximately 2,500 store locations in many of the best geographies--with leading shares in several major markets-- and a massive supply chain to fuel both our own retail operations and serve our valued independent retail customers better than anyone else can," said Jeff Noddle, Supervalu chairman and CEO.

With total employment of 200,000 and annual revenues around $20 billion, Supervalu has 2,500 of its own retail grocery locations. Through its supply chain network, the company provides distribution and related logistics support services to more than 5,000 grocery stores across the country.

Source: Supervalu Inc.

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