The Kroger Company, also known as Kroger, has sealed the deal to acquire its rival grocer, Albertsons. Kroger and Albertsons have agreed upon a monetary agreement of approximately $24.6 billion to complete the merger deal. The merger will allow Kroger to tap 48 states along with the District of Columbia through Albertson’s existing presence. Rodney McMullen will continue to serve as the Chairman and CEO of Kroger after the merger. Previously, Kroger acquired Harris Teeter, Mariano’s and Fred Meyer. Neil Saunders, managing director at GlobalData Retail, shared that these giant grocers will successfully negotiate lower prices with suppliers and benefit from their operational efficiencies.
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