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Safeway acquires stores from California chains

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PLEASANTON, Calif. — Safeway Inc. has purchased seven stores, including five in the San Francisco Bay Area from Andronico’s Community Markets.

The other two are G&G Market stores in Petaluma and Santa Rosa, Calif.
Renovo Capital, which acquired Andronico’s out of bankruptcy in 2011, approached Safeway this year about purchasing the stores in Berkeley, Los Altos, San Anselmo and San Francisco and preserving union jobs.

“Andronico’s Community Markets has developed a well-respected brand and loyal customer base, and we are committed to keeping the local heritage alive,” said Tom Schwilke, president of Safeway Northern California.

“Our goal is to preserve everything great about Andronico’s while adding Safeway’s innovations and great own brands products including O Organics.”

“We’re proud that Safeway has chosen our stores and our teammates to join their dynamic company,” said Andronico’s chief executive officer Suzy Monford. “We’re synergistic retailers who share a commitment to best quality, local and artisanal foods, as well as in supporting union jobs within our communities.”

In Sonoma County, Safeway agreed to hire all 250 G&G employees at the 96,000-square-foot unit in Santa Rosa and the 55,000-square-foot outlet in east Petaluma.

“We are very excited about this opportunity and look forward to bringing these locations into the Northern California Safeway family,” Safeway said in a statement.

The two companies “are working together to ensure a smooth transition for store employees and customers,” the statement said. “Each store will be closed for a short period of time once the transaction closes, which we anticipate will be sometime in December.”

G&G CEO TeeJay Lowe said in a local news report that the sale’s timing was partly related to the age of the company’s four owners, including his father and three uncles, who range from 65 to 83 years old.

“Safeway’s commitment to support local suppliers along with its unwavering loyalty to local charitable causes and groups will position our stores and teams to provide the best local offerings for customers.” G&G said.


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