BOISE – Albertsons Companies announced today that it has entered into an agreement to purchase and rebrand four Paul’s Market stores in Idaho.
The four Paul’s Market stores to be rebranded as Albertsons are in Boise, Kuna, Homedale and McCall.
Paul's Market will close its three stores in Caldwell, Mountain Home and Nampa. Albertsons will acquire those properties.
"Over its many years operating retail food stores in the region, Paul's Market has developed an outstanding reputation for quality, selection and service," said Brad Street, Albertsons Intermountain Division president in a statement. "We are excited to have the chance to add experienced retail employees to our ranks, as well as the opportunity to build on that foundation and earn the trust of Paul's Market loyal customer base."
"From the day that our family opened the first Paul's Market store in 1955, we have been a proud Treasure Valley grocer, and we know that the folks at Albertsons share our values and commitment to providing the best to our communities," said Stan and Steve Zatica, Co-Owners of Paul's Market. "We sincerely thank our communities for 60 years of shopping with us, and we look forward to watching how these stores evolve to serve their customers for the future."
Both parties say they hope to close the deal sometime in April.
