Grocery giant Safeway has captured a local market in its corporate web. Andronico’s Community Markets, the 87-year-old regional grocery store with five locations, will absorb into the Safeway brand and be renamed Safeway Community Market.
Safeway plans to keep all Andronico’s workers in their current roles (along with benefits and union rates of pay), and even add more jobs down the line.
Andronico’s filed for bankruptcy back in 2011, listing $10 million to $50 million in debts. Renovo Capital then bought the business, and subsequently closed three locations. Now, the remaining five stores will stay open (one in San Francisco, two in Berkeley, one in Los Altos, and one in San Anselmo), just under the Safeway name.
The terms of the deal were undisclosed. Safeway also purchased G&G Supermarkets this week, a family-run business in Santa Rosa and Petaluma.