WEST SACRAMENTO, Calif. – Raley’s has completed its previously announced acquisition of the Bashas’ company, the retailer announced Wednesday. The completion of the deal means that Bashas’ Co. is now part of a newly formed enterprise, the Raley’s Companies.

“We are humbled by the opportunity to assume stewardship of the Bashas’ legacy,” the Raley’s Cos., owner and chairman Michael Teel said. “As the owner of a multigenerational family business, I, along with my wife Julie, understand the importance of this responsibility. We will be worthy of the Basha family’s trust, the communities’ support and dedication of the nearly 9,000 team members across Arizona, New Mexico and the four Tribal Nations.”

The deal combines Bashas’ with a larger portfolio of retail and technology holdings controlled and managed by Raley’s Companies.  “As promised, we are committed to preserving and enhancing the existing Bashas’ brands, including AJ’s Fine Foods, Bashas’ Diné Market, Bashas’, Food City and Eddie’s Country Store,” said Raley’s president and CEO Keith Knopf. “Now part of a larger organization, the increased resources will ensure that reinvestment in stores, new store growth, expansion into new markets, enhanced technology, and charitable giving is amplified.”

Knopf announced to the broader organization that all hourly team members in eligible roles working in the distribution center and retail locations in Arizona, New Mexico and Tribal Nations will receive a wage increase in early 2022. He also reaffirmed that the Bashas’ corporate office will remain in Chandler, Ariz., and will retain its current leadership team. “I am pleased to share Trey Basha will serve as the president of the Bashas’ Operating Company. In addition, Michael Basha will oversee distribution and Johnny Basha will support the Native American Tribal Communities, Real Estate, as well as other administrative responsibilities.”

Raley’s Cos. describes itself as a modern, digitally sophisticated retail company born out of proud family legacies. The company now has more than 235 locations bridges the divide between the physical and digital retail experience through the operation of Apium Logistics, Fieldera and FieldTRUE.

“The Raley’s Companies organizational structure blends a shared services leadership component, while ensuring dedicated and focused operating company leaders and resources to effectively balance local strategy as well as enterprise-wide objectives,” says chief human resources officer Laura Croff, who was named to her current position last week in anticipation of the Bashas’ deal’s completion.

The Raley’s Companies was created to support the operating companies, including Raley’s, Bashas’ and FieldTRUE, the company said. The corporate structure breaks down this way:

• The Raley’s Companies. This new entity is led by president and CEO Keith Knopf, as well as by chief administrative officer Jen Warner, chief customer experience officer Deirdre Zimmermann, chief human resources officer Laura Croff, and chief financial officer Ken Mueller. Other key leaders include Craig Benson (information technology), Chelsea Minor (public relations and government affairs) and Helen Singmaster (general counsel).
• The Bashas’ Operating Company – Led by Edward “Trey” Basha III, President. Other leaders include Johnny Basha, Planning and Real Estate; Michael Basha, Logistics; Steve Mayer, Sales and Merchandising; Ralph Woodward, Operations; Gregg Tucek, General Counsel; and Joe Wisto, Controller.
•  The Raley’s Operating Company – Raley’s President will be announced in January 2022. Other leaders include Paul Gianetto, Sales and Merchandising; Levi Wingo, Operations; Angela Mills-Dixon, Human Resources; and Lisa Inselman, Controller. For full list leaders, visit raleys.com.

Each operating company president and all the enterprise shared services leaders will report to Knopf, who will continue to oversee all long-range planning and strategy for the entire portfolio of companies and will report to the Raley’s Board of Directors.