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Raley's Plans to Sell Gas Stations in Quest for Grocery Growth

Raley's Plans to Sell Gas Stations in Quest for Grocery Growth


SACRAMENTO, CA
Thursday, December 6th, 2018

This week, Raley’s sold its Aisle 1 fuel stations to Anabi Oil, a Southern California family business and convenience store operator. Anabi Oil will assume operations of the 13 formerly Raley's-owned gas stations in 2019, pending the transaction's completion later this month.

Keith Knopf, Chief Executive Officer, Raley's“As we continue to move our vision around health and wellness forward, we are focused on our core business of offering healthy food at affordable prices,” said Keith Knopf, Raley’s President and CEO. “This move will allow Raley’s to advance our long-range strategic plan and sets up a series of moves that will position Raley’s for significant growth and expansion.”

Raley's latest divestment came with the announcement that the grocer would be honing in on its grocery and fresh food business. However, both Raley's and Anabi Oil are committed to continuing to provide fuel rewards at Aisle 1 locations to Raley's shoppers.

Sam Anabi, CEO and Owner, Anabi Oil“Aisle 1 is a great addition to the Rebel Brand, complementing our existing portfolio in both California and Nevada,” said Sam Anabi, CEO and Owner of Anabi Oil. “We are excited about our long-term relationship with Raley’s. With our expertise in running fuel stations and convenience stores, paired with a dominant grocer in the market, we will offer customers a fueling convenience store and grocery rewards experience that others cannot.”

Raley’s is shedding its Aisle 1 fuel stations in the name of fueling its grocery and food business

According to a press release, Anabi Oil owns and operates more than 295 locations and delivers fuel to an additional 160 stations under multiple brands, including its own Rebel brand. The two companies are currently working to provide options for continued employment to the 80 team members working at the fuel stations.

Ken Mueller, CFO, Raley's"With extensive experience in the convenience business and a strong family business in California, Anabi Oil was the perfect partner,” added Raley’s Chief Financial Officer Ken Mueller, who led the negotiations.

Both companies asserted in the press release that opportunities for growth, including customer discounts at other Anabi-owned locations and consideration of future fuel stations throughout Raley’s footprint, will abound following the acquisition.

How will Raley’s renewed focus on fresh food and grocery come to fruition in 2019? Join Deli Market News as we continue journeying toward the new year, new retail landscape.

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