Albertsons will acquire remaining Haggens, union says
Albertsons has reportedly agreed to acquire the remaining 33 Haggen stores in the Pacific Northwest, according to a union local in Tacoma, Wash.
Officials of Boise, Idaho-based Albertsons declined to comment.
United Food and Commercial Workers Union Local 367 said Albertsons and Haggen are working with the FTC to finalize a purchase agreement. “It appears other bidders are not going to raise their bids … so the scheduled auction is canceled and the sale to Albertsons will be put before the [U.S. Bankruptcy] Court for approval in the next week," the union said in a message to its members.
The union said the FTC and the state of Washington have already approved the sale.
Of the 33 stores, 25 are in Washington and eight are in Oregon. Among them are the original 18 stores Bellingham, Wash.-based Haggen operated in late 2014 when it acquired 146 West Coast stores from Albertsons, which Albertsons was required to divest when it acquired Safeway.
All acquired stores had been converted to the Haggen banner by last June. In September Haggen filed for Chapter 11 protection and sold all stores but those in the Pacific Northwest, which it had planned to sell in a public auction that was postponed three times.
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