Cardenas Markets’ continues to grow as the Hispanic food trends are on the rise. One of the leading Hispanic supermarket chains in the country, the retailer looked to further solidify its spot with the acquisition of Los Altos Ranch Market.
“Acquisitions and new strategic store locations are a key component of our growth strategy,” said John Gomez, President and CEO of Cardenas Markets. “We are fortunate to have identified Los Altos Ranch Market as a partner whose values and mission are aligned with our organization. We welcome the employees of Los Altos Ranch Market into the Cardenas Markets family and look forward to the many opportunities of growth resulting from this partnership.”
Now integrating seven operating Phoenix locations into the Cardenas family, the chain will enter the Arizona market and bring its store count to 53, according to a press release.
The new milestone, in addition to opening a region, is also its second big move in light of a recent merger with Northern California’s Mi Pueblo banner last July.
As the newest addition, the company said Los Altos Ranch Market brings a rich history of serving the Hispanic community dating back to 1982, while the brand has been a trusted community partner in Phoenix since its first location opened in 2002.
The retailer said that no immediate changes are expected to the operations of Los Altos Ranch Market stores during the transition period. Instead, the group of stores will gradually be integrated into Cardenas’ operations while continuing to offer the best shopping experience to the communities they serve.
No financial details were disclosed upon release.