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Real Estate United grocery chain sold to Albertson’s

United grocery chain sold to Albertson’s

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

 

Idaho-based Albertson’s LLC said Sept. 9 it plans to acquire family-owned United Supermarkets LLC, d.b.a. The United Family (United) headquartered in Lubbock. Terms of the transaction were not disclosed. Founded in 1916, United operates 50 retail stores under three brands: United Supermarkets, Market Street and Amigos. Additionally, the United Express brand has seven convenience stores and 26 fuel centers. 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. Albertson’s currently operates more than 600 locations in 16 states, including 76 stores in Texas, primarily in the Dallas-Fort Worth Metroplex. “With the strength and stability they (Albertson’s LLC) have to offer our team members, we believe that this new ownership, working with our world-class team, can take United’s vision and mission to places and levels previously beyond our reach,” Matt Bumstead, United co-president and ownership family member, said in a news release. “We believe United’s best days are all ahead.” 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. “United will continue to make decisions locally and maintain a strong commitment to our Texas communities, our guests and our team members,” Taylor said. “The opportunities presented to us to invest in our stores and grow with this transaction are tremendous.” The transaction is expected to be complete by the end of October, subject to customary government approvals.

bdillard@bizpress.net  


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