Albertsons filed for an IPO

Boise, Idaho-based Albertsons did not say how many shares it would offer, what they would cost or where those shares would trade. It said it expects to raise $100 million from the offering, though that figure is only an estimate used to calculate a filing fee. Proceeds from the offering will be used to repay debt and for general expenses.

Albertsons closed its $8 billion buyout of Safeway in January, drastically increasing the company's size. It now operates 2,205 stores in 33 states under 18 names. Safeway locations make up 1,247 of those stores. Other names under Safeway operations include Vons, Tom Thumb and Randalls.

The company also operates 456 Albertsons supermarkets in 16 states. Other retail banners include Shaw's, Acme, United Supermarkets, Pavilions, and Star Markets.

Albertsons employs about 265,000 full- and part-time workers. It had revenue of $27.2 billion in fiscal 2014, but the addition of Safeway results boosts that revenue figure to $57.5 billion, which makes it the second-largest traditional supermarket chain the U.S. behind Kroger.

*****

Albertsons, LLC is an American grocery company founded and based in Boise, Idaho. In January 2015, it acquired Safeway Inc. for $9.2 billion.  The newly merged company has more than 2,400 stores and over 250,000 employees, which makes it the second largest supermarket chain in North America after Kroger, which has 2,424 stores. Prior to the merger it had 1,075supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was sold to Albertsons LLC (a Cerberus Capital Management-led consortium),CVS Pharmacy, and SuperValu Inc. in 2006. CVS acquired the freestanding drugstores while the Cerberus-led consortium (Albertsons LLC) and Supervalu (New Albertsons, Inc.) divided the supermarket divisions among themselves. After selling the majority of its stores to various buyers, in January 2013, Albertsons LLC, acquired SuperValu's remaining Albertsons stores, as well as itsACME, Jewel-Osco, Shaw's and Star Market brands, in exchange for $100 million in cash and $3.2 Billion in SuperValu debt. The sale was completed by March 2013. The company's corporate name was Albertson's until 2002, when the apostrophe was removed.