Cardenas Markets, the leading Hispanic supermarket chain in the country, announced today the acquisition of Los Altos Ranch Market, integrating seven operating Phoenix locations of Los Altos Ranch Market into the Cardenas operating system.
Earlier this year, Cardenas Markets in Southern California, as well as Mi Pueblo in Northern California, joined forces in pursuit of their vision of becoming the #1 Hispanic grocer in the United States.
“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.”
With this acquisition, the company has expanded its footprint into the Arizona market, bringing its total number of stores to 53. During the transition period, no immediate changes are expected to the operations of Los Altos Ranch Market stores. The group of stores will gradually be integrated into Cardenas’ operations while continuing to offer the best shopping experience to the communities they serve.
Los Altos Ranch Market has a rich history of serving the Hispanic community which dates back to 1982; the brand has been a trusted community partner in Phoenix since its first location opened in 2002. The Cardenas acquisition marks a new milestone for the chain.
Cardenas Markets is headquartered in Ontario, California and has been in operation since it was founded by Jesus Cardenas in 1981. Cardenas came to the United States as a teenager from Jalisco, Mexico. He worked at local farms and in the 1970s traded some tools for a pregnant pig. That was the start of a successful hog farm. He opened the first Cardenas Market in Ontario, selling meat and ethnic foods.
Cardenas now operates store locations in California, Nevada and now Arizona. Cardenas is known and respected as a prominent Latino market with a unique tradition of authentic flavors.
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