Safeway to acquire Andronico's markets in California

PLEASANTON, Calif. — Safeway and Andronico’s Community Markets have entered into an agreement for Safeway to purchase the five Andronico’s stores in the San Francisco Bay Area.

According to a statement posted on the Andronico's website, Renovo Capital, which acquired Andronico’s out of bankruptcy in 2011, approached Safeway earlier this year about purchasing their stores in Berkeley, Los Altos, San Anselmo and San Francisco.

“Andronico’s Community Markets have developed a well-respected brand and loyal customer base, and we are committed to keeping the local heritage alive. Our goal is to preserve everything great about Andronico’s while adding Safeway’s innovations and great Own Brands products including O Organics,” said Tom Schwilke, president of Safeway Northern California.