Albertsons continues its growth with acquisition of Paul’s Market
Albertsons Companies is back in the news, but this time in a much smaller way than its massive acquisition of Safeway or its high-profile rocky relationship with Haggen. Still, once again the subject at hand is growth and expansion. This time around Albertsons is expanding its reach in Idaho, through the acquisition of Paul’s Market.
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The regional family-owned chain Paul’s Market has enjoyed slow but steady growth and a loyal following since the launch of its first location—over the years, one market grew into seven across the state. Albertsons has acquired all seven, with current plans to rebrand four locations (in Homedale, Kuna, Boise and McCall) as Albertsons. The chain will be closing the additional three locations in Caldwell, Mountain Home and Nampa, though Albertsons will acquire those properties as well.
“Over its many years operating retail food stores in the region, Paul’s Market has developed an outstanding reputation for quality, selection and service,” said Brad Street, President of Albertsons Intermountain Division—a division that oversees and operates 84 stores throughout Idaho as well as Montana, Wyoming, Utah, Colorado, North Dakota and Nevada—in a statement announcing this new development. “We are excited to have the chance to add experienced retail employees to our ranks, as well as the opportunity to build on that foundation and earn the trust of Paul’s Market loyal customer base.”
“From the day that our family opened the first Paul’s Market store in 1955, we have been a proud Treasure Valley grocer, and we know that the folks at Albertsons share our values and commitment to providing the best to our communities,” added Stan and Steve Zatica, Co-Owners of Paul’s Market. “We sincerely thank our communities for 60 years of shopping with us, and we look forward to watching how these stores evolve to serve their customers for the future.”
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