Albertsons LLC announced yesterday that it will acquire Lubbock, Texas-based United Family, which operates United Supermarkets with more than 600 locations in 16 states. Terms of the deal were not disclosed. It is expected to close by the end of October.
According to the announcement, "United has been family-owned since its founding in 1916 ... United currently operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and 7 convenience stores and 26 fuel centers under its United Express banner. United also operates two divisions, R.C. Taylor Distributing and Praters, and one wholly owned subsidiary, Llano Logistics, which operates the company’s two distribution centers in Lubbock and Roanoke, Texas."
It was less than a month ago that the company announced that it was changing its corporate name from united Supermarkets to United Family, saying that it was "the result of a strategic branding initiative for the entire organization ... reflecting the company’s multiple store brands as well as its rich family history."
The companies said that "upon completion of the transaction, United will operate as a separate business unit under Albertson’s LLC’s corporate structure. Robert Taylor, United’s CEO, will continue to lead the company as president of the United subsidiary, reporting directly to Bob Miller, CEO of Albertson’s LLC."
“It’s a great fit between two great companies,” Miller said in a statement. “United runs a fantastic operation, and will maintain its own unique identity.”
Albertsons LLC is majority owned by Cerberus Capital Management.
According to the announcement, "United has been family-owned since its founding in 1916 ... United currently operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and 7 convenience stores and 26 fuel centers under its United Express banner. United also operates two divisions, R.C. Taylor Distributing and Praters, and one wholly owned subsidiary, Llano Logistics, which operates the company’s two distribution centers in Lubbock and Roanoke, Texas."
It was less than a month ago that the company announced that it was changing its corporate name from united Supermarkets to United Family, saying that it was "the result of a strategic branding initiative for the entire organization ... reflecting the company’s multiple store brands as well as its rich family history."
The companies said that "upon completion of the transaction, United will operate as a separate business unit under Albertson’s LLC’s corporate structure. Robert Taylor, United’s CEO, will continue to lead the company as president of the United subsidiary, reporting directly to Bob Miller, CEO of Albertson’s LLC."
“It’s a great fit between two great companies,” Miller said in a statement. “United runs a fantastic operation, and will maintain its own unique identity.”
Albertsons LLC is majority owned by Cerberus Capital Management.
- KC's View:
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Strikes me that both United and Albertsons get stronger and more competitive as a result of this deal. The key will be United taking advantage of Albertsons' economies of scale, and Albertsons being able to learn from the things that United does best.
