HOUSTON (CBSDFW.COM/AP) — The Texas-based Fiesta Mart chain is being acquired by a California grocer to create what’s being billed as one of the largest Hispanic-focused supermarket companies in the U.S.
El Super is based in Paramount, California. The company announced the deal Sunday, saying the new chain will have 122 stores in Texas, California, Arizona, Nevada and New Mexico.'My Nerves Are Still Rattled': Passenger Aboard Amtrak Train Talks Crash
Terms of the agreement weren’t immediately released. The Houston Chronicle reports the deal could be worth as much as $300 million.READ MORE: Man, Pregnant Woman & Baby Killed In Crash Along Highway 360; Police Investigating
El Super is owned by the Bodega Latina Corporation, a subsidiary of Grupo Comercial Chedraui. Houston-based Fiesta Mart is operated by ACON Investments, operating 63 stores mainly in the Houston, but with more than a dozen locations in North Texas and some in the Austin area.
The deal is expected to close in the second quarter. Fiesta Mart stores will retain that name.MORE NEWS: Flash Flooding: Second Body Recovered After Vehicle Swept From Texas Bridge
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