36 Albertsons stores in Utah being sold

SALT LAKE CITY (KSL) -- The company that owns Albertsons stores in Utah announced Tuesday it is selling the majority of its stores in the state to Associated Foods.

Supervalu says the sale will include 36 stores, but will not include three St. George-area stores. Supervalu also is looking for a buyer for its two Albertsons stores in Orem and two stores in West Jordan.

According to a news release, Associated Food Stores intends to rename the 36 purchased stores and expects to offer employment to most Albertsons employees. Supervalu's Salt Lake City distribution center will remain part of the company and will stay open.

The sale still needs the approval of regulators and is expected to close this fall. Supervalu expects to get about $150 million from the sale.

Albertsons was founded in 1939 and acquired by Supervalu in 2006. Albertsons employs more than 3,000 people throughout Utah.

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