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Idaho company buys two Albertsons stores in Orem

(Salt Lake Tribune) A small Idaho-based grocery chain has purchased two Albertsons in Orem. The sales are part of the effort by Albertsons owner SuperValu Inc. to shed almost all of its Utah stores.

The two Orem stores were purchased by Ridley's Family Markets, a family-owned chain in Twin Falls.

SuperValu, based in Minneapolis, sold 36 Albertsons in July to Associated Foods Stores, a retailer-owned cooperative whose 500-plus members in the Intermountain West include Ream's, Winegar's, Kent's and Harmons. The cooperative also owns 22 stores operating under the Macey's, Dan's, Lin's and Dick's Market banners.

Not included in the Associated Foods deal were four stores in West Jordan and Orem that were up for sale. SuperValu is keeping three Albertsons stores in St. George. Ridley's Family Markets also owns stores in Tremonton and Hyrum. The chain was founded by Jerry and Connie Ridley.

Jerry Ridley used to be a store manager for Safeway in Utah and Idaho. The couple owned their first store in Payson. In 1986, they became partners in a Food-4-Less store in Provo and lived in Orem.

After selling the partnership, the couple moved to Idaho and opened their first Ridley's Family Market. The Ridleys said they were familiar with the Orem stores from having lived nearby.

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