Albertson’s and Safeway Acquisition Finalized
The Albertson’s-Safeway merger was completed on Jan. 30, less than one year after officials from both companies announced plans for Albertson’s to acquire Safeway.
Robert Edwards, president and CEO of Safeway, will now serve as president and CEO of the combined company. Bob Miller, current CEO of Albertson’s, will be appointed executive chairman.
“We plan to be the favorite local supermarket in every community we serve,” Edwards said in a press release. “We will do this by knowing, listening to and delighting our customers; providing the right products at a competing value; and delivering a superior shopping experience. We will also continue to be active members of our local communities.”
“This is a transformative day for both Albertson’s and Safeway,” said Miller in a statement. “This merger creates a unified, strong organization that is dedicated to bringing a better shopping experience to more customers across the country. Our combined geographic footprint, vast range of brands and products and service-oriented staff will enable us to meet evolving shopping preferences.”
The combined company will include more than 2,200 stores, 27 distribution facilities and 19 manufacturing plants, along with more than 250,000 employees spanning 34 states. The new company will encompass three regions and 14 retail divisions with corporate offices in Boise, Idaho; Pleasanton, Calif. and Phoenix, Ariz. Banners will include Safeway, Vons, Pavilions, Randall’s, Tom Thumb, Carr’s, Albertson’s, ACME, Jewel-Osco, Lucky, Shaw’s, Star Market, Super Saver, United Supermarkets, Market Street and Amigos.