City of Pleasanton officials today learned that Pleasanton-based Safeway will be purchased by Cerberus Capital. Safeway has had an 18-year presence in Pleasanton since 1996 and has been an outstanding corporate citizen with connections to many local organizations.
[Related article: Safeway, Albertsons Announce Merger]
Safeway is one of the city’s largest employers, with approximately 2,600 employees between the local grocery stores and the headquarters operations. The company has a long history in the East Bay and was previously based in Oakland for many years.
“We understand that part of running a very successful enterprise means making a business decision that’s best for the company. Given today’s announcement of the sale of Safeway, it is too early to know what that means for Safeway, or for Pleasanton,” said City Manager Nelson Fialho.
“It is our hope that Safeway – or a new version of the company – will remain an active member of the Pleasanton business community, and continue to be a place of employment for many of our residents.”