Blog | Weekly Specials  
 

Haggen to Expand from 18 Stores to 164 Stores with Major Acquisition

Press Releases

Media Contact
Deborah Pleva
deb@weinsteinpr.com

Bellingham, Wash. (December 19, 2014) – Pacific Northwest grocery chain Haggen today announced that it has entered into an agreement to acquire 146 stores as part of the divestment process brought about by the Federal Trade Commission’s (FTC) review of the Albertson’s LLC and Safeway merger. With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies; from 2,000 employees to more than 10,000 employees; and from a Pacific Northwest company with locations in Oregon and Washington to a major regional grocery chain with locations in Washington, Oregon, California, Nevada and Arizona.

“With this pivotal acquisition, we will have the opportunity to introduce many more customers to the Haggen experience. Our Pacific Northwest grocery store chain has been committed to local sourcing, investing in the communities we serve, and providing genuine service and homemade quality since it was founded in 1933,” said John Caple, chairman of the Haggen board of directors and partner at Comvest Partners, a private investment firm that owns the majority of shares of Haggen. “We will continue our focus on sourcing and investing locally even with this exciting expansion.”

The company will be led by CEOs John Clougher and Bill Shaner. Clougher, CEO, Pacific Northwest, will have primary responsibility for the northern division of Washington and Oregon. Shaner, CEO, Pacific Southwest, will have primary responsibility for the southern division of California, Nevada and Arizona. The two will work together to steward the company’s commitment to its employees, customers, business partners and stakeholders.

After the close of the transaction in early 2015, Haggen will convert all of the acquired Albertsons and Safeway stores to the Haggen banner in phases during the first half of 2015. All Albertson’s LLC and Safeway store employees will have the opportunity to become employees of Haggen as their individual stores are transitioned to the Haggen banner. Haggen plans to retain the current store management teams. 

“We warmly welcome these new employees and stores into the Haggen family. The stores are well run and very successful, thanks to the dedicated store teams,” said John Clougher, Haggen CEO, Pacific Northwest. “We want to retain these existing teams while allowing our growing company to build on their past successes. We plan to adopt the best practices of our new stores to offer a superior shopping experience for our valued customers in all of our stores.” 

“We committed to this acquisition because we knew we had the experience, talent and drive to get it done,” added Caple. “The strength of our management and store support teams, combined with the talent of the store teams at each of the new store locations, will enable Haggen to be a successful West Coast grocer.”

Sagent Advisors, LLC and Holliday Fenoglio Fowler, LP acted as financial advisors to Haggen on the transaction. Akerman Senterfitt LLP acted as legal advisor.  

 

About Haggen

Founded in 1933, Haggen, Inc. is one of the Pacific Northwest’s leading grocery chains. The Bellingham, Washington-based company operates stores in Washington and Oregon under the Haggen Northwest Fresh banner. It is the state’s sixth-largest private company with the majority of shares owned by Comvest Partners. Haggen is dedicated to providing its guests with the best of the Northwest. For more than 80 years, it has supported regional farms, ranches, fisheries and other businesses, creating a lasting and sustainable local food economy. Haggen is also deeply rooted in the communities it serves, providing support to local events and partnerships. For more information about what’s happening at Haggen, visit haggen.com.

 

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. With more than $1.8 billion of assets under management, the firm includes seasoned, senior-level operating executives who partner with management and entrepreneurs to grow businesses and create long-term value. Since 2000, Comvest has invested more than $2.0 billion of capital in more than 140 public and private companies.

recipes

test recipe2

food news

Try Something New at Haggen

press releases

Haggen & Partners Fight Northwest Hunger with Beef Counts Program

artisan cheese

Luck of the Irish Cheese

press releases

Haggen Brings Exciting New One-Stop Grocery Shopping Experience to California

press releases

Haggen Begins Rolling Conversion of 20 Stores in Oregon with Lake Oswego Location

beer and wine

Cheers to Washington Wine Month

produce

Roasted Asparagus with Parmigiano-Reggiano

recipes

Jazz Up Mardi Gras

recipes

Mardi Gras Jambalaya

press releases

Haggen Outlines Plans to Convert 146 Stores in Five States in Five Months 

press releases

Haggen Begins Converting 26 Stores in Washington with Monroe Location

local producers

A Chocolate Affair

artisan cheese

The Fine Art of Pairing Cheese & Chocolate

market street catering

Sweetheart Special Dinner for Two

local producers

Haggen Best of the Best Single Origin Coffee