On March 6, the owner of Albertsons, Cerberus Capital Management, announced that it would acquire all outstanding shares of Safeway stock.
“For now, it’s business as usual,” Dowling said. “There’s no change. The companies are still independent, still separate.”
The Federal Trade Commission is expected to rule on the merger by the fourth quarter of 2014, he said.
In Tracy, Safeway operates a store at 1801 W. 11th St. and a distribution warehouse at 16900 W. Schulte Road. Dowling said neither site is expected to be affected by the merger, because Albertsons doesn’t have competing interests within the city.
If there were Safeway and Albertsons stores next door to each other or even 10 miles apart, one would have to go, but that’s not the case in Northern California, he said.
Albertsons closed its only Tracy grocery in 2007, when Save Mart Supermarkets bought all of Albertsons’ 132 stores in Northern California and northern Nevada. The store at 875 S. Tracy Blvd. was transformed into a Save Mart five months after the buyout.
The president of the United Food and Commercial Workers International Union, Joe Hansen, gave his blessing to the merger between Safeway and Albertsons in a news release issued March 6.
In the release, Hansen stated, “The United Food and Commercial Workers International Union represents tens of thousands of workers within these two companies. The UFCW will work closely with Safeway and Cerberus through the acquisition process and beyond so that these major supermarket companies can maintain strong market share and that our members can continue to serve customers and their communities.”
Local officials at the Safeway store and warehouse declined to comment on the merger.
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