Albertsons Sale Reshapes Grocery Landscape

THE COMPETITIVE landscape changed significantly in 2006 when Albertsons, the nation's third-largest conventional supermarket chain, was broken up and sold. In a deal negotiated at the end of 2005 and consummated last June, Minneapolis-based Supervalu acquired Albertsons' best-performing divisions for $24.5 billion; a partnership of Cerberus Capital Management, New York, and Kimco Realty Co., New Hyde

THE COMPETITIVE landscape changed significantly in 2006 when Albertsons, the nation's third-largest conventional supermarket chain, was broken up and sold.

In a deal negotiated at the end of 2005 and consummated last June, Minneapolis-based Supervalu acquired Albertsons' best-performing divisions for $24.5 billion; a partnership of Cerberus Capital Management, New York, and Kimco Realty Co., New Hyde Park, N.Y., paid $1.1 billion for the underperforming divisions of Albe

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TAGS: Supervalu