It's the end of an era, as a local family grocery chain is sold to a California-based company.
Late Friday, Oct. 1, Bashas’ announced it was selling more than a hundred stores to Raley’s Holding Company, an independent regional grocery with stores in northern California and Nevada.
“This agreement keeps our well-established brands, protects jobs, makes the company more competitive, allows it to accelerate investments in technology and ensures the Bashas’ family of stores can continue to serve customers across Arizona, New Mexico and our tribal nation partners for years to come,” said Trey Basha, grandson of the company’s co-founder, in a recorded statement.
Raley’s is family-owned and operates 126 stores, including Raley’s, Bel Air Market and Nob Hill Foods.
In a news release, Keith Knopf, president and CEO of Raley’s Holding Company, said the company has a history of respecting the legacy of the brands it acquires.
“The Bashas’ company is strong and well-positioned in the market,” he said. “We are confident that with our robust digital capabilities and combined purchasing power, we can further enhance the overall customer experience.”
Bashas’ first store opened more than 90 years ago in Chandler. The company brands also include Food City and AJ’s Fine Foods.
Trey said although Basha family members will no longer have ownership roles, they "look forward to seeing the business thrive for generations to come."
Bashas’ says there are no planned changes to employee jobs, compensation or benefits. The sale should be final by the end of the year.
Under the agreement, Bashas’ will maintain its corporate headquarters, stores, and distribution center in Chandler, Arizona.
Bashas' was founded in Arizona in 1932 by brothers Ike and Eddie Basha Sr.
