HOUSTON, TX - The North Texas retail scene is about to add even more heat to its competitive grocery market. Houston-based grocer Fiesta Mart is growing its North Texas presence by nearly 50 percent with the acquisition of 11 RLS Supermarkets-owned stores.
The Dallas-Fort Worth area stores include nine under the Minyard Food Stores banner and two under Sun Fresh Markets. These new additions take Fiesta’s number of stores in the area from 24 to 35, and to 70 across the entirety of Texas. The Dallas Business Journal reports that the acquired stores will transition to the Fiesta brand over the next several weeks.
“We are excited to welcome Minyard Food Stores to the Fiesta family. This action reinforces the strategic growth plan we put forth early last year,” Fiesta CEO Michael Byars said in a statement, Dallas Business Journal reports. “Our entire Fiesta team has worked together to move the brand forward organically, and now through acquisition we continue on our growth plan.”
While no financial terms of the acquisition have yet been revealed, no job cuts are expected as a result of the acquisition, the company says, even hinting at possibly adding jobs in the future.
Dallas Business Journal notes that stores will continue to be supplied by Associated Wholesale Grocers, and now also be supplied by Fiesta’s supplier, Grocery Supply.
It certainly looks like the growing competition in North Texas won't stop any time soon—make sure you check back for even more developments on AndNowUKnow.
