Haggen Excited to Start Next Chapter as Part of the Albertsons family of Companies

Mar 14, 2016, 16:20 ET from Haggen

BELLINGHAM, Wash., March 14, 2016 /PRNewswire/ -- Haggen today announced its enthusiasm for Albertson's LLC's (Albertsons) proposed plan to purchase 29 Haggen stores, 15 of which will continue to be operated from Bellingham, Washington under the Haggen banner, pending bankruptcy court approval and closing of the transaction.

"We are excited about the opportunity to have the backing of Albertsons and look forward to be part of the Albertsons grocery family. Haggen has been a part of the Pacific Northwest and the Bellingham community for more than eight decades and we will continue the traditions of operating great Haggen stores focused on community involvement, fresh northwest products and great service," said Haggen Chief Executive Officer John Clougher.

The new Haggen business unit will consist of 14 historic Haggen stores and one converted location in Oak Harbor.  The remaining 14 stores, which were previously divested by Albertsons, will transition over time back to the Albertsons banner. All stores will benefit from the revitalized investment plan under Albertsons ownership.

"Our customers can be assured that the Haggen focus on sustainably sourced and locally produced products will not change. Haggen has operated as a partner to the communities it has so proudly served and will continue to do so. We thank our dedicated stores crews, loyal customers, vendors, partners and others that have supported us. We are looking ahead to a promising future."

The bankruptcy court will consider approval of the sale agreement on March 29, 2016.

About Haggen

Founded in 1933 in Bellingham, Washington, Haggen has built its business on providing guests the freshest and most local products with genuine service, while supporting the communities it serves. Throughout its eight decades in business, the company has supported regional farms, ranches, fisheries and other businesses, creating a lasting and sustainable food economy. For more information about Haggen, visit haggen.com.

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