Bend’s two Haggen grocery stores will be Albertsons once more
Haggen announced late Friday that it has accepted Albertson’s LLC’s bid to acquire 29 “core stores,” including two in Bend.
Haggen filed Chapter 11 bankruptcy in 2015 after purchasing nearly 150 stores from Albertsons so Albertsons could receive regulatory approval to merge with Safeway. Haggen struggled to convert the stores to its brand, amid lawsuits and counter-suits over the deal and its aftermath, and many of the stores have been auctioned.
Here’s the rest of the company’s announcement:
As a result, the previously announced auction scheduled for next Friday has been cancelled, officials said. The agreement with Albertsons remains subject to finalizing documentation and requires Bankruptcy Court approval.
Haggen also announced that it is seeking court approval for a new financing commitment from Albertson’s LLC in connection with its bid.
The financing will replace the existing facility that was set to expire on Friday and will be used to fund operations through the close of the sale process and the ongoing administration of the Company’s bankruptcy cases. The company has filed motions seeking court approval of the sale and new facility with Albertsons and expects the motions to be heard by the Bankruptcy Court on March 29.
Haggen will also seek approval to begin going out of business sales for stores not included in the sale agreement. All employees of the non-acquired stores will receive notice of the pending store closures, which are expected to occur within the next 60 days. Employees will continue to receive their pay and benefits through the normal course of business as previously approved by the court. The non-acquired stores are located at:
19701 Highway 213, Oregon City, OR
201 37 th Avenue SE, Puyallup, WA
114 E. Lauridsen Blvd., Port Angeles, WA
Stores included in the asset purchase agreement:
Oregon :
1800 NE 3 rd Street, Bend, OR
1675 W. 18 th Avenue, Eugene, OR
16199 Boones Ferry Road,Lake Oswego, OR
1690 Allen Creek Road, Grants Pass, OR
61155 S Hwy 97, Bend, OR
14300 SW Barrows Rd, Tigard, OR
3075 Hilyard St., Eugene, OR
Washington:
8611 Steilacoom Blvd. SW, Tacoma, WA
1128 N. Miller, Wenatchee, WA
450 N. Wilbur Avenue, Walla Walla, WA
17171 Bothell Way NE, Seattle, WA
3520 Pacific Ave SE, Olympia,WA
3925 236 th Ave NE, Redmond, WA
17520 SR 9 Southeast, Snohomish, WA
31565 Sr 20 #1, Oak Harbor, WA
2814 Meridian, Bellingham, WA
757 Haggen Drive, Burlington, WA
1406 Lake Tapps Parkway East, Auburn, WA
1401 12 th Street, Bellingham, WA
1313 Cooper Point Road SW, Olympia, WA
210 36 th Street, Bellingham, WA
2900 Woburn Street, Bellingham, WA
26603 72 nd Avenue NW, Stanwood, WA
1301 Avenue D, Snohomish, WA
1815 Main Street, Ferndale, WA
17641 Garden Way NE, Woodinville, WA
2601 East Division, Mount Vernon, WA
8915 Market Place NE, Lake Stevens, WA
3711 88 th Street NE, Marysville, WA
