Advertisement. Advertise with us

2nd Largest Market Chain

May Acquire Price Chopper

Shopper Mark Zeek of Cooperstown exits the Chestnut Street supermarket this afternoon. The company also has markets in Oneonta and Richfield Springs. (Jim Kevlin/AllOTSEGO.com)
Shopper Mark Zeek of Cooperstown exits the Chestnut Street supermarket this afternoon. The company also has markets in Oneonta and Richfield Springs. (Jim Kevlin/AllOTSEGO.com)

Supermarket chain Albertsons Companies is in advanced talks to acquire closely held grocery-store operator Price Chopper for around $1 billion, people familiar with the matter told Forbes magazine, which first reported it last Tuesday.

The magazine estimated the transaction could be worth $1 billion, although it quoted sources cautioning negotiations may be unable ro reach a deal.

Price Chopper, owned by the Golub family and based in Schenectady, operates 170 markets in New York and western New England, including three in Otsego County – at Oneonta, Cooperstown and Richfield Springs.   Tops, Hannaford, Aldi and Victory also operate supermarkets in the county.

Albertsons, based in Boise, Idaho, operates 2,200 stores and employs more than 250,000 employees.  Owned by Cerberus Capital Management, it is the second-largest supermarket chain in the country, after Kroger.

Forbes said the deal “would underscore the wave of consolidation sweeping the U.S. grocery industry,” as regional chains struggle to compete against online retailers like Amazon, big boxes like Walmart, and discount chains like ALDI.

 

Posted

4 Comments

  1. I hope the sale doesn’t happen. I like my Price Chopper, their low prices and great deals! Also I have shopped at Albertsons in Florida and I thought their prices were very high compared to others down there.

  2. I lived In Jackson Hole where Albertson’s and Smith’s (a Krogers store) were the two large markets in town. Smith’s had a gas card point program like PC where Albertsons did not. Albertsons was more expensive than Smith’s but was still a good place to shop based on its location compared to the Smith’s. I don’t recall Albertsons pricings in comparison to Price Chopper but I’m a club card user most of the time anyway which helps with budgetary costs for me.

Leave a Reply

Your email address will not be published.

Related Articles

In Memoriam: A. George Eccleston, 71 August 28, 1951 – December 26, 2022

In MemoriamA. George Eccleston, 71August 28, 1951 - December 26, 2022 NEW BERLIN – A. George Eccleston, 71, of New Berlin, NY, passed away Monday December 26, 2022, in Cooperstown, NY, with his family by his side. George was born in Cortland, NY on August 28, 1951, the son of the late Clifford and Dora Watts Eccleston. In addition to his parents, he was predeceased by two sisters Emily and Kathy and brother Ron.…

HAPPENIN’ OTSEGO: 05-29-23

HAPPENIN’ OTSEGO for MONDAY, MAY 29 Otsego County Remembers The Fallen ONEONTA MEMORIAL DAY PARADE —10 a.m. Commemorate our country’s fallen soldiers. The day will begin with a parade (line-up at 9 a.m. and step off at 10), to commemorate Chief Warrant Officer 3 Christopher Robert Eramo. A riderless horse will be included as a salute to the fallen, with CWO3 Shawn Hubner, who serves in the deceased’s unit, hand carrying the battalion colors from Fort Wainwright to Oneonta and marching in the honor guard. After the parade will be a ceremony of remembrance at 11 a.m. on the Veterans Memorial…

In Memoriam: Virginia L. Stocking

In Memoriam Virginia L. Stocking December 2, 1922-May 17, 2023 SPRINGFIELD CENTER—Virginia L. Stocking, beloved wife, mother, sister, grandmother and great-grandmother, passed away on May 17, 2023 at the age of 100.  Virginia was born in Cooperstown on December 2, 1922 to Earl and Catherine Richards. She spent most of her childhood in East Springfield and graduated from Springfield Central School in June of 1940. She married Glenn C. Stocking on April 9, 1944. Virginia and Glenn devoted their lives to each other and to their family.  In addition to spending time with her family, Virginia enjoyed playing the organ,…

Putting the Community Back Into the Newspaper

Now through March 30, new annual subscribers to “The Freeman’s Journal” and AllOtsego.com (or subscribers who have lapsed for two or more years) have an opportunity to help their choice of one of four Otsego County charitable organizations.

$5.00 of your subscription will be donated to the nonprofit of your choice:

Cooperstown Farmers’ Market, Cooperstown Food Pantry, Greater Oneonta Historical Society or Super Heroes Humane Society.