Albertsons Grocery Chain Part of $3.3B SaleFriday, January 11, 2013
The Albertsons grocery store chain—which has its Southern California division headquarters in Fullerton and 35 stores throughout Orange County—is being sold as part of a $3.3 billion deal that includes four other chains.
Minneapolis-based Supervalu Inc. said it will sell Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market to an affiliate of Cerberus Capital Management LP.
The Cerberus affiliate, called AB Acquisition LLC, is led by a group of investors that includes New York real estate investment trust Kimco Realty Corp., among others.
Supervalu has annual sales of about $35 billion and counts about 4,350 retail, pharmacy and grocery stores.
Supervalu has 35 Albertsons in Orange County.
The company shed a number of workers last year after announcing a plan to cut between 2,200 and 2,500 workers at its Southern California Albertsons locations.
Another group of stores operating under the name Albertsons Market, is already owned by AB Acquisition.