Raley’s has signed a definitive agreement to acquire Bashas’ Family of Stores, according to a news release Friday. Financial terms of the deal were not disclosed.
Bashas’ will continue to operate its existing banners under the Raley’s enterprise and will maintain its corporate headquarters, more than 100 stores and distribution center in Arizona. The companies expect the transaction to close by the end of this year.
The combined companies under Raley’s will operate more than 200 stores across Northern California, Arizona, New Mexico and parts of Nevada.Grocery Dive