Albertsons, LLC Sells off Its Remaining Forida Fuel Centers

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Albertsons, LLC Sells off Its Remaining Forida Fuel Centers

08/08/2008
Albertsons, LLC is concentrating its efforts on selling food, not fuel. Not only will Valero Energy Corp., based in San Antonio, sell its branded fuel at all Albertsons locations, but the grocery chain has also revealed a definitive agreement to sell its 15 fuel centers in Florida to DBR Lease Exchange, LLC, which purchased the fuel centers at Albertsons units recently acquired by Publix.

With the sale of the fuel centers, the company is exiting retail fueling. The sale "allows Albertsons to focus on its core grocery and pharmacy business in the company’s remaining stores in Florida after the transaction with Publix closes this fall," according to company spokeswoman Stacia Hill Levenfeld. "Running great food and drug stores is the heart of our operation, and we have made the decision to focus on our time and talent on that business moving forward."

According to Jennifer Vroman, director of public affairs for Boise, Idaho-based Albertsons, the sale was a logical choice. "Valero is one of the top five energy companies, and they came in with a great offer [and] we came up with an agreement that worked for both companies," she told The Abilene Reporter-News. She believes Valero will keep prices competitive with the surrounding stations.