Daily News | Acme owner Albertsons to be sold to Kroger for $20 billion. The grocery chain seeks growth as Amazon, Gopuff make cuts.
Acme Markets, the Malvern-based supermarket chain that once dominated Philadelphia grocery shopping, and more than 20 other chains owned by Idaho-based Albertsons Cos.
Workers’ reps had feared that new private-equity investors would try to cut costs by reducing staffing further or trying to renege on pension and healthcare funding. The companies and union leaders expect the Federal Trade Commission and state regulators will force them to sell some stores in Midwestern and Western states where the two companies compete, leaving the combination with around one-eighth of U.S. grocery-store sales, trailing only industry leader Walmart, which has about one-quarter of the national market.
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