Pacific Northwest grocery chain buys six local stores
Stores in Paso Robles and Atascadero to be sold
Pacific Northwest grocery chain Haggen announced recently that it has entered into an agreement to acquire six grocery stores in San Luis Obispo County. The company is buying a total of 146 stores as part of a divestment process brought about by the Federal Trade Commission’s review of the merger between Albertson’s and Safeway, owner of Vons stores.
With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies; from 2,000 employees to more than 10,000 employees; and from a Pacific Northwest company with locations in Oregon and Washington to a major regional grocery chain with locations in Washington, Oregon, California, Nevada and Arizona.
“With this pivotal acquisition, we will have the opportunity to introduce many more customers to the Haggen experience. Our Pacific Northwest grocery store chain has been committed to local sourcing, investing in the communities we serve, and providing genuine service and homemade quality since it was founded in 1933,” said John Caple, chairman of the Haggen board of directors and partner at Comvest Partners, a private investment firm that owns the majority of shares of Haggen. “We will continue our focus on sourcing and investing locally even with this exciting expansion.”
After the close of the transaction in early 2015, Haggen will convert all of the acquired Albertsons and Safeway stores to the Haggen banner in phases during the first half of 2015. All Albertson’s LLC and Safeway store employees will have the opportunity to become employees of Haggen as their individual stores are transitioned to the Haggen banner. Haggen plans to retain the current store management teams.
“We warmly welcome these new employees and stores into the Haggen family. The stores are well run and very successful, thanks to the dedicated store teams,” said John Clougher, Haggen CEO, Pacific Northwest. “We want to retain these existing teams while allowing our growing company to build on their past successes. We plan to adopt the best practices of our new stores to offer a superior shopping experience for our valued customers in all of our stores.”
Local grocery stores purchased
- Albertsons, 8200 El Camino Real, Atascadero
- Albertsons, 1132 W. Branch St., Arroyo Grande
- Albertsons, 771 Foothill Blvd., San Luis Obispo
- Albertsons, 1321 Johnson Ave., San Luis Obispo
- Vons, 1191 E. Creston Road, Paso Robles
- Vons, 1130 Los Osos Valley Road, Los Osos
About Haggen
Founded in 1933, Haggen, Inc. is based in Bellingham, Washington. The company operates stores in Washington and Oregon under the Haggen Northwest Fresh banner. It is the state’s sixth-largest private company with the majority of shares owned by Comvest Partners. Haggen is dedicated to providing its guests with the best of the Northwest. For more than 80 years, it has supported regional farms, ranches, fisheries and other businesses, creating a lasting and sustainable local food economy. Haggen is also deeply rooted in the communities it serves, providing support to local events and partnerships. For more information about what’s happening at Haggen, visit haggen.com.
Source: http://www.haggen.com/
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