Acme Markets' corporate parent, the Albertsons grocery-store chain, on Thursday purchased Safeway Inc., for about $9 billion.
Albertsons is controlled by an investor group led by Cerberus, a New York-based private-equity firm. Other investors included Philadelphia-based Lubert-Adler Partners, Kimco Realty Corp., Klaff Realty L.P., and Schottenstein Real Estate Group.
With the purchase of Safeway, the group will now control about 2,400 grocery stores, making it one of the largest chains in the country.
The investors group purchased a portion of the Albertson chain in 2005. Last year, in a deal with Supervalu Inc., the investment group bought 500 more Albertsons, Acme, Jewel-Osco, Shaw's and Star Market grocery stores in a deal valued at about $3.3 billion.