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.READ MORE: Mother's Day Rush Highlights Staffing Shortages At North Texas Restaurants
Terms of the agreement weren’t immediately released. The Houston Chronicle reports the deal could be worth as much as $300 million.READ MORE: Body Of Elderly Man Recovered From Joe Pool Lake
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: Woman Killed By Ex-Boyfriend, Who Was Later Found Dead By Suicide, Dallas Police Say
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