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Albertsons to acquire remnants of Haggen

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BOISE, Idaho — Albertsons Cos. announced last month its intention to acquire food and drug retailer Haggen Inc., which has been under Chapter 11 bankruptcy protection since last fall.

In its binding bid letter and form of asset purchase agreement to acquire Haggen, Albertsons expressed its interest in purchasing the retailer’s 29 core stores in Washington and Oregon.

Plans call for the creation of a separate business unit for 14 Haggen stores — part of the original Haggen “legacy” store chain — that would continue to be operated from Bellingham, Wash., under the Haggen name, and for a former Safeway location in Oak Harbor, Wash., that was converted to a Haggen location last year.

The other 14 stores, which Haggen acquired from Albertsons in early 2015, would be transitioned back to the Albertsons banner, with six to be operated by Albertsons’ Seattle division and eight by its Portland division.

“Haggen’s original core group of Pacific Northwest stores set the gold standard in the markets they serve for quality fresh products and exceptional service,” said Bob Miller, Albertsons’ chairman and chief executive officer. “We are proud to now be associated with this tradition, and want to assure Haggen’s dedicated shoppers that the stores will continue to offer customers the freshest local products available and exceptional service, with the same great employees at the stores.”

Albertsons plans to hire substantially all current Haggen store employees and honor existing labor agreements to staff the stores, the company announced.

Haggen has a strong reputation and deep roots in the communities it serves. The company’s practices for supporting regional farms, ranches and fisheries are well known, and it is recognized for supporting a sustainable local food economy.


ECRM_06-01-22


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