Albertson's, Inc. Completes Purchase of 15 Bruno's Stores.BOISE, Idaho--(BUSINESS WIRE)--Aug. 24, 1998--Albertson's, Inc. (NYSE NYSE See: New York Stock Exchange :ABS) announced today that it has completed its purchase of the assets of 15 Bruno's, Inc. stores. The transaction includes 14 operating stores and 1 store under construction. The stores are located in the Nashville and Chattanooga, Tennessee “Chattanooga” redirects here. For other uses, see Chattanooga (disambiguation). Chattanooga is the fourth-largest city in Tennessee (after Memphis, Nashville, and Knoxville), and the seat of Hamilton CountyGR6 , metropolitan areas. The Chattanooga area stores include a store in northern Georgia. "This acquisition adds two new, exciting markets to Albertson's operating area. We are expanding our presence in the state of Tennessee and also entering the state of Georgia as a result of this acquisition. We expect this transaction to provide the foundation for Albertson's continued growth in these and the surrounding markets. We welcome our new employees to Team Albertson's and look forward to serving the customers in the Nashville and Chattanooga metropolitan areas The Chattanooga Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of six counties – three in southeast Tennessee (Hamilton, Marion, and Sequatchie) and three in northwest Georgia (Catoosa, Dade, and Walker) – anchored by ," said Gary Michael, chairman of the board and chief executive officer of Albertson's. Albertson's will operate these stores underthe Albertson's banner. The stores will be supervised by Albertson's Memphis Division. Including this purchase, Albertson's retail square footage reached 46 million square feet, a net increase of 12.3% over the last 12 months. Albertson's, Inc. is one of the largest retail food-drug chains in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Including this purchase, the Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. based company currently operates 930 retail stores in 24 Western, Midwestern and Southern states Southern States U.S. Confederacy government of 11 Southern states that left the Union in 1860. [Am. Hist.: EB, III: 73] Dixie popular name for Southern states in U.S. and for song. [Am. Hist. .
CONTACT: Albertson's, Inc., Boise, Idaho
Investor Relations News Media 208/395-6392
A. Craig Olson 208/395-6284 Mike Read
Renee Bergquist 208/395-6622 Jenny Enochson
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