A California-based company has completed its purchase of an iconic Arizona grocery chain.
Bashas’ is no longer a local family-owned grocer. It’s now part of the Raley’s Companies, a private, family-owned business with headquarters in Sacramento.
In a press release, Michael Teel, owner and chairman of The Raley’s Companies said, “We are humbled by the opportunity to assume stewardship of the Basha’s legacy. As the owner of a multigenerational family business, I, along with my wife, Julie, understand the importance of this responsibility.”
Raley’s president and CEO said all hourly Bashas’ employees in eligible roles in the distribution center and stores will receive raises early next year.
Keith Knopf, president and CEO of The Raley’s Companies said all hourly Bashas’ employees in eligible roles in the distribution center and stores will receive raises early next year and Bashas’ corporate office will remain in Chandler.
“I am pleased to share Trey Basha will serve as the President of the Bashas’ Operating Company,” he said. “In addition, Michael Basha will oversee distribution and Johnny Basha will support the Native American Tribal Communities, Real Estate, as well as other administrative responsibilities.”
Bashas’ first store opened more than 90 years ago. Nearly 9,000 people work at more than a 100 stores in Arizona, New Mexico and four Tribal Nations. The company brands also include Food City and AJ’s Fine Foods.
