Albertson’s LLC here said Monday it plans to build upon the brands operated by United Supermarkets, the Lubbock, Texas-based chain of 50 stores it has agreed to acquire.
Our team feels there is an exceptional opportunity to invest in and grow their brands,” Bob Miller, chief executive officer of Albertson’s LLC, said.
According to Matt Bumstead, co-president of United and a member of the family that has owned the chain for 97 years, “With this ownership transition we see a chance for United’s impact and legacy to grow for decades to come. With the strength and stability Albertson’s LLC has to offer our team members, we believe this new ownership can take United’s vision and mission to places and levels previously beyond our reach. We believe United’s best days are all ahead.”
Once the deal is completed — probably by the end of October, subject to customary government approvals — United will operate as a new business under Albertson’s LLC’s corporate structure, with Robert Taylor, United’s CEO, as president. Taylor said United will continue to make decisions locally “and maintain a strong commitment to our Texas communities, our guests and our team members. The opportunities presented to us to invest in our stores and grow with this transaction are tremendous.”
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United operates 50 supermarkets under three banners — United Supermarkets, Market Street and Amigos — and seven convenience stores and 26 fuel centers under the United Express banner. It also operates two wholesale divisions — R.C. Taylor Distributing, which distributes tobacco, candy and general merchandise; and Praters, which manufactures a variety of prepared foods — and Llano Logistics, a wholly owned subsidiary that operates the company’s two distribution centers in Lubbock and Roanoke, Texas.
Date: Sep. 10, 2013