King Soopers’ parent company Kroger and Albertsons to move forward with $25 billion merger


Kroger — the parent company of King Soopers, the state’s largest grocery store chain headquartered in Denver – will merge with Albertsons in a move that will impact two of Colorado’s well-known retailers.

The Friday announcement joins King Soopers and Safeway, which operates under Albertsons Companies Inc. Kroger, headquartered in Cincinnati, Ohio, and Albertsons, based in Boise, Idaho, are both industry heavyweights, qualifying as the nation’s two largest supermarket companies.

Kroger will acquire Albertsons for almost $25 billion. The merger agreement was unanimously approved by each company’s board of directors, according to a news release.

Combined, both companies employ more than 710,000, with almost 5,000 stores across 48 states and Washington, D.C. The merged company would serve a customer base of 85 million households.

With its roots in Colorado, King Soopers & City Market operates as the state’s largest, full-service retail grocery chain. City Market launched in 1925, while King Soopers was first established in 1947.

Kroger operates 148 stores – including King Soopers locations – with around 22,000 associates in the Colorado. King Soopers ranks as the third-largest Colorado employer. Safeway manages 103 locations in Colorado.

“We are bringing together two purpose-driven organizations to deliver superior value to customers, associates, communities and shareholders,” said Rodney McMullen, Kroger chairman and CEO, who plans to serve in the same roles at the combined company. “Albertsons Cos. brings a complementary footprint and operates in several parts of the country with very few or no Kroger stores.”


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