Orange County Business Journal

Albertsons Grocery Chain Part of $3.3B Sale

Kari Hamanaka Friday, 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.