Albertsons to acquire United Family stores (Lubbock based chain) in buyout
Nationwide supermarket conglomerate Albertson’s has purchased The United Family in a still-pending deal management says should close with little visible change for United customers across north Texas.
The deal for Boise, Idaho-based Albertson’s LLC. to buy United Family’s 50-plus stores, gas stations, logistics base and other assets was signed early Monday, Sept. 9, but still requires the blessing of the Federal Trade Commission, United management told A-J Media in announcing the planned acquisition.
Albertson’s will buy out United’s private family ownership for an undisclosed sum, but the deal is set to leave intact the chain of stores founded 97 years ago. “Lubbock is stuck with United,” said United Family CEO Robert Taylor, who will become United’s president as the regional supermarket chain is poised to become a division of Albertson’s.
More at http://lubbockonline.com/filed-online/2013-09-09/albertsons-acquire-united-family-stores-buyout-details-be-released-6-pm#comment-303220 .
Albertson’s is buying the Market Street supermarket chain and its Lubbock-based parent company
Albertson’s LLC said this afternoon that it will acquire Lubbock-based United Supermarkets, which operates Market Street stores in the Dallas-Fort Worth area.
United operates 50 retail stores under 3 brands; United Supermarkets, Market Street and Amigos. Also, its United Express brand has 7 convenience stores and 26 fuel centers. Three distribution centers and a manufacturing plant were included in the sale.
United is a 97-year-old company and until now has been family operated. Market Street stores combined both an organic and conventional supermarket under one roof. The large stores, located in Allen, Colleyville, Coppell, Frisco, McKinney and Plano, also have extensive prepared foods take-out operations.
“United has built an exemplary operation in Texas,” said Bob Miller, chief executive officer of Albertson’s LLC. “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.”
More at http://bizbeatblog.dallasnews.com/2013/09/albertsons-is-buying-the-market-street-supermarket-chain-and-its-lubbock-based-parent-company.html/ .