US supermarket group Albertson’s LLC has struck a deal to acquire family-owned Texan supermarket chain United Supermarkets.
The deal includes United Supermarkets’ 50 supermarkets and three distribution centres in northern and western Texas. The outlets are operated under three banners: United Supermarkets, Market Street and Amigos. Albertson’s will also take on seven convenience stores and 26 fuel centres operated under the United Express banner.
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United Supermarkets will operate as a new business unit under Albertson’s company structure. The company emphasised United Supermarkets will continue to operate “much as it does today”, with decisions being made at a local level. Robert Taylor, current CEO of United Supermarkets, will take on the role of president of the unit, reporting directly to Bob Miller, CEO of Albertson’s.
The acquisition – for an undisclosed sum – remains subject to regulatory approval. Albertson’s, owned by private-equity firm Cerberus Capital Management, said in a statement that it expects to complete in October.
The move will strengthen Albertson’s presence in Texas, where it operates 76 stores, the majority of which are in the Dallas-Fort Worth Metroplex.
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By GlobalData
