Albertsons (officially New Albertson's, Inc.), was a wholly owned subsidiary of Eden Prairie, Minnesota-based Supervalu, is a supermarket retailer that operates 529 grocery stores in Washington state, Arizona, Oregon, Idaho, Montana, Wyoming, Nevada, California, and certain parts of Utah.
On January 10, 2013, it was announced that Supervalu was selling New Albertsons (Albertsons and the ASC purchased stores) to Cerberus Capital Management, which own the rest of the Albertsons stores.
BOISE, Idaho and PLEASANTON, Calif., Jan. 30, 2015 /PRNewswire/ — AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway. AB Acquisition is controlled by an investor group led by Cerberus Capital Management, L.P. (“Cerberus”), which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation.
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Albertsons - Albertson's LLC (Supermarket)
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