Dec 20, 2014 1:23 PM by News Staff
BELLINGHAM, Wash. (AP) - The Washington state-based grocery chain Haggen Inc. plans to buy 146 Albertsons and Safeway stores in Washington, Oregon, California, Nevada and Arizona.
The Bellingham Herald reports the sales are required under the federal review of Safeway's sale to an investment group that owns Albertsons.
If Haggen's plans announced Friday get Federal Trade Commission approval, the Bellingham-based company would expand from 18 stores and 16 pharmacies in the Northwest to 164 stores and 106 pharmacies in the five states.
Details of the deal haven't been released.
This is the largest of several sales related to the $7.6 billion sale of Safeway to investors led by Cerberus Capital Management. Associated Food Stores is buying eight stores in Montana and Wyoming, Associated Wholesale Grocers is purchasing 12 stores in Texas, and Supervalu is buying two Albertsons stores in Everett and Woodinville, Washington.
Information from: The Bellingham Herald
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