An Albertsons retailer in Eugene, Ore. The sale includes properties in 17 states and Washington, D.C. Picture courtesy of SweetBabeeJay by way of iStock
C&S Wholesale Grocers LLC is ready to accumulate 413 shops, eight distribution facilities and two workplaces which have change into accessible because of the proposed merger between Albertsons Cos. and The Kroger Co. introduced late final yr. The acquisition settlement is an roughly $1.9 billion deal.
Together with the portfolio of properties, located throughout 17 states and the District of Columbia, the corporate will add 5 personal label manufacturers to its present portfolio. Based on the divestiture plan, the vast majority of the acquired retailer places are in Washington, with 104 Albertsons and Kroger shops. The next prime property places are California, Colorado and Oregon.
Different states with belongings included within the deal are Texas, Louisiana, Arizona, Nevada, Illinois, Arkansas, Idaho, New Mexico, Montana, Utah, Wyoming, Washington, D.C., Maryland and Vermont.
The definitive settlement is ready to shut early subsequent yr. As a part of the deal, C&S will even purchase the QFC, Mariano’s and Carrs model names, together with unique licensing rights to the Albertsons model identify in Arizona, California, Colorado and Wyoming.
As per the Kroger-Albertsons merger settlement, no shops will shut and C&S will retain all frontline associates.
1918 Winter Road Companions, an affiliate of C&S, is ready to function the acquired shops. Centerview Companions was the monetary advisor within the deal.
