Houston-based Fiesta Mart has a new owner. California-based Bodega Latina Corp. has purchased the grocery chain but did not disclose the price. Bodega offers grocery, kitchen products, specialty cheeses, creams, meat, and fish. The company was started in 1995 with stores in California, Texas, Arizona and many more.
The Bodega deal comes just after three years Fiesta Mart acquired by ACON Investments. Fiesta located around 63 locations in Texas and it is recognized in international foods and results important to Hispanic customers. Jointly, both the chain will have 122 stores in Texas, Arizona, California, Nevada and New Mexico.
Bodega Latina Corp said in the statement, “The acquisition of Fiesta allows us to meaningfully expand into Texas via an established, well-known supermarket operator,” Bodega Latina president and CEO Carlos Smith said in a written statement.” Further, the company added, “Through the combination of the strengths of our two organizations, we will be well positioned to significantly accelerate our vision of efficiently offering high-quality products at the lowest possible prices. We believe this transaction will be beneficial for all of our stakeholders, including customers, suppliers, employees, and vendors.”
Fiesta Chief Executive Officer, Sid Keswani said, “Combining the strengths of Bodega Latina with those of Fiesta will accelerate the evolution and growth of Fiesta through combining the parties’ scale, geographic reach, talented teams and market knowledge.” Further, he added, “Our team members are excited about becoming part of the Bodega Latina family and continuing to grow the combined company.”