36 Utah Albertsons stores to be sold to Associated Food

SUPERVALU has reached an agreement with Associated Food Stores, Salt Lake City, for the sale of the majority of its Albertsons stores in Utah for approximately $150 million.

The sale will include 36 Albertsons stores and their respective pharmacies and fuel centers, with the exception of three St. George-area stores that will remain Albertsons and continue to be operated by Eden Prairie, Minn.-based SUPERVALU. In connection with the transaction, SUPERVALU is also seeking a buyer for its two Albertsons stores in Orem and two Albertsons stores in West Jordan and will continue to operate those stores until a buyer is identified.

Associated Food Stores intends to rename the 36 purchased stores--a moniker has...