About Albertson's LLC
Supermarket operator Albertsons is on a yo-yo diet. After shrinking dramatically, the grocery chain is back in growth mode. The company operates more than 1,100 supermarkets in some 15 states under the Albertsons, Jewel-Osco, Shaw's/Star Market, Acme, and United banners, among others. Albertsons LLC was formed in 2006 when the assets of Albertsons Inc. were sold to three separate companies, including wholesaler
Albertsons filed its IPO in late 2015 intending to raise $100 million, which it plans to use to pay down debt.
The company has more than 600 stores and more than 60,000 employees.
It also offers has a prescription savings plan called MyRxCare that offers $3.99/month pricing on range of medications, and a generous discount on most other prescriptions.
Boise, Idaho-based Albertsons operates stores in Arkansas, Arizona, California, Colorado, Florida, Idaho, Louisiana, Montana, North Dakota, New Mexico, Nevada, Oregon, Texas, Utah, Washington, and Wyoming.
Albertsons' stores rang up an estimated $23 billion in sales in 2013.
Albertsons hews to a decentralized operating strategy that empowers local management to build stronger brands across diverse market areas.
Streamlining it operations, in 2014 the company agreed to sell a number of stores in California to the
Mergers and Acquisitions
Albertsons is one of two divisions of AB Acquisition, which is owned by the New York-based private equity
In a move that reversed the downward slide in its store count, Albertsons greatly expanded its presence in Texas with the purchase of 50 supermarkets and three distributions centers (among other assets) from family-owned and Lubbock-based United Supermarkets. The deal (the terms of which were not disclosed) closed in October 2013. United operates as an independent unit of Albertsons. Albertsons, which has about 75 stores in Texas, should benefit from United's strong reputation in north and west Texas. The acquired stores continue to do business under the United, Market Street, and Amigos banners. The purchase is a reversal of sorts for Albertsons, whose recent history has been marked by retreat from some markets, including California and Utah, and big cutbacks in others, such as Colorado, Florida, and Texas.
In March 2013 the company acquired all of the remaining Albertsons grocery stores in California, Idaho, Montana, North Dakota, Nevada, Oregon, Wyoming, and Utah that were formerly owned by
250 E Parkcenter Blvd
Boise, ID 83706-3999
Phone: 1 (208) 395-4722
Employer Type: Privately Owned
President of Florida Division: Wayne Denningham
Chief Strategy Officer: Justin Dye
Cio: Jackie Morfin
Employees (This Location): 950
Employees (All Locations): 138,000