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Purchase of Texas-based Fiesta Mart to form giant of Hispanic food stores

from The Dallas Morning News

Texas' largest Hispanic grocer, Fiesta Mart, is being acquired by the operator of El Super stores in California and other states to form a company with $3 billion in annual sales. Bodega Latina Corp., a U.S. subsidiary of Mexico-based Grupo Comercial Chedraui, is buying Houston-based Fiesta Mart from ACON Investments, a private equity firm based in Washington, D.C. The Houston Chronicle reported that the purchase price is $300 million. more


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