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Report: Albertsons to buy Price Chopper for $1 billion

Supermarket operator Albertsons Cos. is close to reaching a deal to acquire Schenectady, NY-based Price Chopper for around $1 billion, Reuters reported on Nov. 29.

price-chopper-logo Price Chopper operates 130 stores in the Northeast in New York, Connecticut and Massachusetts.

Albertsons, based in Boise, ID, is the second-largest supermarket chain with 2,200 locations in the United States. Along with Kroger Co., the leading U.S. retail chain, and No. 3 Publix, the top three retailers control 27 percent of the market, according to IBIS World, a research firm. albertsons-logoalbertsons-logo

If successful, the acquisition by Albertsons would expand its reach in the Northeast following an effort to shore up its presence in the central and western regions in 2015 via a merger with Pleasanton, CA-based Safeway.

In addition to its Albertsons banner, the retailer also has stores operating under the Vons, Jewel-Osco, Shaw’s, Tom Thumb and United Supermarkets brands.