By Maria Halkias, Retail Writer – DallasNews.com – Photo Not Credited.
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.
