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Bashas’ bought by California-based regional grocer

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CHANDLER, AZ (3TV/CBS 5) — Local family-owned Bashas’ announced the sale of its chain of grocery stores to a California-based grocer Friday afternoon.

In a press release sent out by the company, Bashas’ has been acquired by Raley’s Holding Company, an independent regional grocer based in California. In a joint message from Edward “Trey” Basha, president and chief executive officer of Bashas’ and Keith Knopf, president and chief executive officer of Raley’s, Basha’s members were informed that store banners, employment, and operations across Arizona would continue without change or interruption.

“Today’s announcement represents the beginning of Bashas’ next, exciting chapter as a fully formed operating company within the larger Raley’s enterprise. In Raley’s, we will have a partner who will ensure we continue delivering exceptional customer and member experiences at a time when regional grocery competition has never been tougher – while staying true to the values that have shaped our history over 90 years,” said Trey, who is the grandson of the company’s co-founder. “Customers, members, and local Arizona communities will also benefit from the seamless alignment of culture and values that we share with Raley’s. While the Basha family will no longer have ownership roles, we look forward to seeing the business thrive for generations to come.”

Within the purchase agreement, Bashas’ will continue to serve customers across Arizona and New Mexico and its Tribal partners, including the Navajo Nation, White Mountain Apache, San Carlos Apache, and Tohono O’odham. Bashas’ will become a fully formed operating company within the Raley’s enterprise and maintain its corporate headquarters near Chandler, stores, and distribution center. Basha’s officials said there are no planned changes to employee roles, compensation, or benefits due to the acquisition.

The sale is expected to close by the end of 2021.


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