Albertsons Buys Paul’s Market Stores
BOISE, ID – Albertsons is adding another seven new locations to its repertoire after clinching a deal to swoop Idaho-based grocer Paul’s Market for an undisclosed amount.
Four of these stores, listed below, will now be rebranded as Albertsons.
- 20 East Wyoming, Homedale
- 700 East Avalon, Kuna
- 10565 Lake Hazel, Boise
- 132 East Lake, McCall
An additional three stores, located in Caldwell, Mountain Home, and Nampa, have also been purchased by Albertsons.
Stan and Steve Zatica, Co-Owners of Paul’s Market, spoke briefly on the acquisitions and store closures in a press release on Monday.
“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,” the Zaticas said. “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.”
Brad Street, Albertsons’ Intermountain Division President, also shared a few thoughts on the acquisition, noting his excitement for the opportunity to continue the legacy that Paul’s Market left behind.
“Over its many years operating retail food stores in the region, Paul’s Market has developed an outstanding reputation for quality, selection, and service,” he said. “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.”
The Albertsons Intermountain Division operates 84 stores in Idaho, Montana, Wyoming, Utah, Colorado, North Dakota, and Nevada.
The transaction is subject to customary closing conditions. Both parties expect to close the deal for these stores sometime in April.