Tuesday September 10th, 2013 - 11:54AM
Albertson’s LLC has announced that it plans to acquire United Supermarkets, LLC, based in Lubbock, TX. The United store portfolio includes 50 retail grocery operations under three brands: United Supermarkets, Market Street and Amigos.
The company also operates the United Express brand, with seven convenience stores and 26 fuel centers. United also operates two non-store divisions: RC Taylor, which distributes tobacco, candy and general merchandise, and Praters, which manufactures prepared foods including meats, side dishes and fresh tortillas. A subsidiary, Llano Logistics, operates two distribution centers in Lubbock and Roanoke, TX.
On completion of the transaction, United will become a new business unit under Albertson’s LLC’s company structure. Albertson’s reported. Robert Taylor, current United CEO, will continue to lead the new unit in the capacity of president reporting directly to Bob Miller, CEO of Albertson’s LLC. United will continue to make local business decisions, Albertson’s pointed out, in a manner similar to other operating divisions in the company’s portfolio. Albertsons noted that it expects to complete by the transaction by October’s end, subject to customary government approvals.
“United has built an exemplary operation in Texas, complementary to our own go-to-market strategy in many respects,” Miller said in comments on the transaction. “The family and leadership team have done a tremendous job in establishing and perpetuating a remarkable service culture and commitment to fresh, quality foods throughout their stores, even as they’ve grown. They’ve also developed strong community programs that have engaged team members and given back tremendously to their Texas communities, just as our Albertsons stores do every day. Our team feels there is an exceptional opportunity to invest in and grow their brands.”
Today, Albertson’s LLC operates 76 stores in Texas, the majority of which are in the Dallas-Fort Worth Metroplex. In total, the company operates just over 600 stores. On completion of the transaction, Albertson’s LLC will operate about 650 stores and 11 distribution centers in 16 states.