The Signal

Will Thrifty stay or will it go?

Impending merger has patrons wondering the fate of ice cream shop

- By Jim Holt Signal Senior Staff Writer

Since the announceme­nt in February of an Albertsons/Rite Aid merger, several Santa Clarita Valley residents have resorted to social media to express their concern about the fate of Thrifty Ice Cream sold at Rite Aid.

One man posted on Facebook: “Don’t make any changes and keep the El Monte site churning out that ice cream.”

On Feb. 20, Albertsons issued a news release that reads: “Albertsons Companies, one of the nation’s largest grocery retailers, and Rite Aid Corporatio­n,

one of the nation’s leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.”

The announceme­nt explained common stock, percentage­s and shareholde­rs shares. Rite Aid issued a similar news release.

What they didn’t share at that time was the fate of the “affordable” and “tasty” ice cream sold at Rite Aid.

Albertsons, according to the news release, crunched numbers.

The integrated company will operate approximat­ely 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week. Most Albertsons Companies pharmacies will be rebranded as Rite Aid, and the company will continue to operate Rite Aid stand-alone pharmacies.

No details, however, were disclosed about the fate of Thrifty Ice Cream, a fixture for many Rite Aid patrons over generation­s.

“I hope very much that they keep it,” Christine Foster told The Signal on Monday.

“I was raised out here, and I raised my son, as a single mom, out here,” she said. “When he had his friends over, I would take them to Thrifty

for ice cream. They were as happy as could be.

Reached by phone Monday at the Thrifty Ice Cream plant in El Monte, a representa­tive referred all calls to the Rite Aid corporate office, which was closed Memorial Day.

Thrifty Ice Cream counters in Rite Aid stores sell hand-scooped ice cream in single, double or triple-scoop servings.

Like many drug stores a century ago, it boasted having an in-store grill and soda fountain. When it started out, the company bought ice cream from local suppliers. But, as it grew across Los Angeles County and tried to match the demand, company owners decided to produce their own ice cream in 1940.

 ?? Eddy Martinez/The Signal (See additional photos at signalscv.com) ?? Due to a pending merger between Albertsons and Rite Aid, Santa Clarita Valley residents have been wondering about the fate of Thrifty ice cream.
Eddy Martinez/The Signal (See additional photos at signalscv.com) Due to a pending merger between Albertsons and Rite Aid, Santa Clarita Valley residents have been wondering about the fate of Thrifty ice cream.

Newspapers in English

Newspapers from United States