200 plus years of Italian Tradition - Fratelli Beretta
CAPEACHIO’S: Simple Done Right
Raley’s Holding Company Enters Definitive Agreement to Acquire Bashas’ Family of Stores; Keith Knopf and Edward “Trey” Basha Discuss

Raley’s Holding Company Enters Definitive Agreement to Acquire Bashas’ Family of Stores; Keith Knopf and Edward “Trey” Basha Discuss


CHANDLER, AZ & SACRAMENTO, CA
Monday, October 4th, 2021

Our own Raley’s Holding Company brought shocking news over the past weekend, announcing it has signed a definitive acquisition agreement. Recently, the Northern California-based retailer entered a deal to acquire Bashas’ Family of Stores.

Keith Knopf, President and Chief Executive Officer, Raley’s Holding Company“Today marks an important milestone in the ongoing legacy of two great companies. We are humbled to assume stewardship of the Bashas’ organization. Raley’s history of respecting the legacy of the brands we acquire assures continuity for Bashas’ customers, employees, and business partners, and, on behalf of our 13,000 employees, I want to welcome Bashas’ team members to our organization,” said Keith Knopf, President and Chief Executive Officer of Raley’s Holding Company. “The Bashas’ company is strong and well-positioned in the market. We are confident that, with our robust digital capabilities and combined purchasing power, we can further enhance the overall customer experience.”

Expected to close by the end of the year, Bashas’ will operate within the Raley’s Holding Company, and its store banners, employment, and operations across Arizona will continue without change or interruption.

Raley’s Holding Company has finalized an agreement to acquire Arizona-based Bashas’ Family of Stores

According to a press release, the agreement brings together two leading grocers with rich legacies and shared values. These tenets include employee achievement, exceptional customer service, and a deep commitment to local communities.

Edward “Trey” Basha, President and Chief Executive Officer, Bashas’ Family of Stores“Today’s announcement represents the beginning of Bashas’ next exciting chapter as a fully formed operating company within the larger Raley’s enterprise,” Edward “Trey” Basha, President and Chief Executive Officer of Bashas’ Family of Stores, expressed. “In Raley’s, we will have a partner who will ensure we continue delivering exceptional customer and member experiences at a time when regional grocery competition has never been tougher—while staying true to the values that have shaped our history over 90 years.”

As noted in the release, the price of the transaction has not been publicly revealed. One highlight of the deal notes that Bashas’ will continue to serve customers across Arizona and New Mexico and its Tribal Nation Partners, including the Navajo Nation, White Mountain Apache, San Carlos Apache, and Tohono O’odham.

The Food Partners served as strategic and financial advisor to Raley’s in this transaction, and Snell & Wilmer served as legal counsel to Raley’s, the press release added, further detailing that Citi served as a strategic and financial advisor, and Burch & Cracchiolo, P.A. served as lead legal counsel for Bashas’.

Stay up to date in all things retail with Deli Market News.

Raley’s Holding CompanyBashas’ Family of Stores
Topics:


200 plus years of Italian Tradition - Fratelli BerettaCAPEACHIO’S: Simple Done Right

Have a new product, press release or story idea?

Let us know

In This Story


Family-owned since 1935, Raley's, Bel Air and Nob Hill Foods have been proud to serve Northern California and Nevada with award-winning meats, produce and service.

Arizona's own innovative retail grocery chain, Bashas' provides the many diverse communities we serve with their own uniquely enjoyable shopping experience.