Supervalu sells Shaw's, other markets


Shaw's Supermarket is about to have a new owner.

On Thursday, Jan. 10, Shaw's parent company Supervalue Inc. announced that it will sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-lead investor consortium that includes Kimco Realty Corporation, Klaff Realty LP. Lubert-Adler Partners and Schottenstein Real Estate Group.

The deal also includes Osco and Sav-on-in-store pharmacies, according to a press release.

The transaction has a total value of $3.3 billion. It will affect 877 stores total among the various chains.

The transaction is expected to be complete before the end of March.



No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment

2016 by East Bay Newspapers

Barrington · Bristol · East Providence · Little Compton · Portsmouth · Prudence Island · Riverside · Rumford · Seekonk · Tiverton · Warren · Westport
Meet our staff
Mike Rego

Mike Rego has worked at East Bay Newspapers since 2001, helping the company launch The Westport Shorelines. He soon after became a Sports Editor, spending the next 10-plus years in that role before taking over as editor of The East Providence Post in February of 2012. To contact Mike to submit information, suggest story ideas or photo opportunities, etc., email