SAN ANTONIO — H.E. Butt Grocery Co. here said it has reached a deal to acquire three Texas stores from rival Albertsons LLC — but will convert only one of them to its H-E-B banner. Financial terms were not disclosed.
Albertsons LLC, Boise, Idaho, is expected to close the acquired stores, located in College Station, Kerrville and New Braunfels, Texas, in October. H-E-B said it would convert the Kerrville location to an H-E-B store and reopen it in 30 days, and lease the others to other retail uses.
“We view these acquisitions as an opportunity to expand the retail experience in these communities and offer new jobs,” Winell Heron, H-E-B’s group vice president of public affairs and diversity, said in a statement.
H-E-B already operates stores in all three communities, having opened in New Braunfels and College Station in the last year. The company said it would transfer the prescriptions at all three stores to H-E-B.