BREAKING NEWS

RNR Real Estate Briefs – HOU, AUS, DAL & more

Hines Lands Berg Restaurant in Downtown Tower

Harold Farb Skyscraper Sold

Hotels Sold for $137 Million

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Groupo Comercial Chedraui to Acquire Fiesta Mart for $300 Million

by Realty News ReportMarch 26, 2018
Share0
Fiesta Mart merging with El Super

HOUSTON – Fiesta Mart, a Houston-based grocery chain with 63 stores, is being acquired by Groupo Comercial Chedraui, a Mexico-based retailer, for $300 million.

Chedraui already has 60 grocery stores in California and other states operating under the El Super brand name. The addition of Fiesta Mart makes the chain a strong national force in selling groceries to the Spanish-speaking market in the U.S.

Chedraui is acquiring Fiesta Mart from Acon Investments, a Washington, D.C. private equity firm, which has owned the retailer for about three years.

Fiesta has 32 stores in the Houston area, in addition to stores in Dallas and Austin.

Fiesta Mart was founded in Houston in 1972 by Donald Bonham and O.C. Mendenhall.

The El Super chain is part of the Paramount, Calif.-based Bodega Latina Corp., a subsidiary of Chedraui, which is headquartered in Veracruz.

“The acquisition of Fiesta allows us to meaningfully expand into Texas via an established, well known supermarket operator. We look forward to welcoming Fiesta’s talented employees and working together to create the premier Hispanic grocery retailer,” said Bodega Latina CEO Carlos Smith.

The firm currently has 59 El Super stores in California, Arizona, Nevada, New Mexico and Texas.

March 26, 2018 Realty News Report Copyright 2018
Share0
previous post
Houston’s Hottest Spot for Land Deals? – Realty News Report’s Q&A with Veteran Land Broker Stan Creech
next post
Florida Investor Buys Houston Apartments Near Galleria

Related posts

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 31, 2023

Hines Lands Berg Restaurant in Downtown Tower

Realty News ReportMarch 30, 2023

Harold Farb Skyscraper Sold

Realty News ReportMarch 29, 2023March 30, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact