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CHANDLER, Arizona (AP) – Arizona’s popular grocery chain Bashas’ Family of Stores said it has signed an agreement to be acquired by Raley’s, an independent regional grocer based in California.
Edward “Trey” Basha, chairman and chief executive officer of Bashas, and Keith Knopf, president and chief executive officer of Raley’s Holding Company made the announcement on Friday.
They said Bashas’ store banners, employment and operations across Arizona will continue without change or disruption.
Under the agreement, Bashas will be a fully incorporated operating company with the Raley’s business. It will continue to serve customers across Arizona and New Mexico and its tribal partners including the Navajo Nation, White Mountain Apache, San Carlos Apache, and Tohono O’odham.
The Bashas family of stores operates Food City, AJ’s Fine Foods, Eddie’s Country Store, and Bashas ‘and Bashas’ Diné supermarkets. With over 100 grocery stores, it is one of Arizona’s largest employers.
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