President John T. Niccollai
ALBERTSONS-KROGER PROPOSED MERGER
UPDATE
Events are moving quickly concerning the proposed Albertsons-Kroger merger. As we know, both ACME and Kings are owned and operated by Albertsons in the Local 464A jurisdiction. There are presently no Kroger Banners within our area so we would not be negatively impacted by the Federal Trade Commission, which could force store closings or divestitures if two or more stores of the merging entities are in close proximity. Here in the Northeast, for the most part, the proposed merger might well mean the expansion of store...
UFCW Press Release 10-24-2022.jpg
Kroger and Albertsons announce definitive merger agreement:
Our posting yesterday announced the fact that Kroger and Albertsons were discussing a merger agreement. Late last night that merger agreement came to fruition with the result being the intent on the part of Kroger to acquire all Albertsons’ companies. Informed sources have indicated that consummation of the merger would not be fully reached until some time in late 2023 or 2024. In the interim, operations will continue as they presently exist.
For our Brothers and Sisters employed by Acme or Kings, it will be business as usual during...
Merger Talks Between Kroger and Albertsons:
Informed sources today commented on the merger possibility between the two biggest U.S. Supermarket chains, namely Kroger and Albertsons.
Over the past many months, we have continued to hear rumors of the fact that Albertsons is shopping around for a sale. In Local 464A’s jurisdiction, that sale would relate to the Acme banner and the Kings banner. As your President, I have had numerous discussions with top level Albertsons executives who continually tell me that the financial investors who own a minority interest in Albertsons, are the entity...
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