United's Parent Looking At Whole Foods, ft.com Said

LUBBOCK, TX - Albertsons, the parent company of United Family, was exploring a possible takeover of Whole Foods according to ft.com which is the website of The Financial Times.

Other national outlets also picked up the story Monday. 

“No formal bid has yet been made,” ft.com said. The article by James Fontanella-Khan was based on two sources “briefed about the matter.”

The article said Whole Foods, based in Austin, was worth $11.4 billion.  The article described the would-be deal as a “take private” – meaning Whole Foods would go from a publicly traded company to privately held. 

In early 2014, Albertson’s closed on a $385 million purchase of Lubbock-based United Family.  United has continued to operate as a distinct brand since that time.

Albertsons took over Safeway in early 2015 for more than $9 billion and announced at that time it operated 2,230 stores nationwide. 

Last month, according to thepacker.com, United announced an acquisition of seven locations of Lawrence Bros. Co. in Texas and New Mexico – including Abilene, Seminole, Roswell and Ruidoso. 

As for any deal with Whole Foods, United Family referred EverythingLubbock.com to Albertsons which said, “We don’t comment on speculation.”

 


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