Houston-based Fiesta Mart will become part of the largest Hispanic-focused grocery store chain in the United States after its acquisition by the California-based Bodega Latina Corp.
The sale is expected to close this summer.The terms of the deal weren’t disclosed. Fiesta stores will retain their name.
The acquisition will bring Bodega Latina’s grocery holdings to 122 stores across California, Arizona, New Mexico and Texas with a combined revenue of about $3 billion annually. Bodega Latina is owned by Mexican supermarket conglomerate Grupo Comercial Chedraui.
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