ACME Markets Posts Winning Bid in Auction for 27 Kings Food Markets and Balducci’s Food Lover’s Markets

October 15, 2020 ACME Markets

ACME Markets, Inc., a division of Albertsons Companies, Inc., (NYSE: ACI) announced today it was the successful bidder for 27 Kings Food Market and Balducci’s Food Lover’s Market locations. The transaction, which is still subject to customary regulatory and court approvals including the approval of the Federal Trade Commission, is expected to close later this fiscal year.

Kings Food Markets and Balducci’s Food Lover’s Market to Operate Business as Usual During Sale Process

August 25, 2020 KB US Holdings, Inc.

KB US Holdings, Inc. , parent company of the Kings Food Markets and Balducci’s Food Lover’s Market subsidiary banners, announced it has accepted a stalking horse bid from TLI Bedrock to purchase the Company for $ 75 million.