Albertsons acquires four Idaho-based Paul’s Market stores

BOISE, Idaho – Albertsons Companies announced Monday that it has entered into an agreement to purchase and rebrand four Idaho-based Paul’s Market stores.

 

Separately, Paul’s Market also announced plans today to close its three stores in Caldwell, Mountain Home and Nampa. As a part of the transaction, Albertsons will acquire the properties.

 

“Over its many years operating retail food stores in the region, Paul’s Market has developed an outstanding reputation for quality, selection and service,” stated Brad Street, Albertsons Intermountain Division president. “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.” 

 

Albertsons Intermountain Division operates 84 stores in Idaho, Montana, Wyoming, Utah, Colorado, North Dakota and Nevada.

 

The transaction is subject to customary closing conditions. The parties anticipate and hope to close the deal for these stores sometime in April.