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BOISE, Idaho -- Albertson's LLC yesterday reached an agreement with Supervalu for an extension through June 2009 of the two-year transition services pact that the two companies signed in June 2006 when they divvied up the assets of Albertson's, Inc.
The parties also agreed to an option to extend the contract through 2011.
“This extension of the transition services agreement between Albertson’s and Supervalu provides our company the continued back office infrastructure to run the business as Albertson’s improves operations and serves our customers and communities,” said Bob Miller, c.e.o. of Albertson’s LLC.
Albertson’s said the previous agreement, set to expire June 2008, established a relationship whereby Supervalu provides infrastructure services to Albertson’s stores, while the latter “strengthens the business and drives towards operational independence.”
Privately-owned Albertson’s LLC operates more than 350 stores under the Albertsons banner in Arizona, Arkansas, Colorado, Florida, Louisiana, Nebraska, New Mexico, South Dakota, Texas, and Wyoming.