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Texas  + Retail  | 

Fiesta Mart Acquisition Will Mean Largest Hispanic Grocer

Grupo Commercial Chedraui S.A.B. de C.V. subsidiary Bodega Latina Corp. is acquiring Houston-headquartered grocery chain Fiesta Mart LLC. The $300-million transaction is anticipated to close at the beginning of Q2 2018 and will lead to the largest Hispanic-focused grocery chain in the United States. Fiesta stores will continue operating under their own brand name.

Chedraui is acquiring Fiesta Mart from Acon Investments, a Washington, DC private equity firm. Acon acquired Fiesta in April 2015. Fiesta Mart was founded in Houston in 1972 by Donald Bonham and O.C. Mendenhall.

“The acquisition of Fiesta allows us to meaningfully expand into Texas via an established, well-known supermarket operator,” said Carlos Smith with Bodega Latina. Chedraui currently operates 60 grocery stores under the El Super brand name.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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