Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

Phoenix-based grocery chain sells for $55M

PHOENIX -- Two retailers in Southern California have reached a $55 million deal to buy Phoenix-based Pro's Ranch Markets, which filed for Chapter 11 bankruptcy protection last May.

The family-owned chain of grocery stores popular with Latino customers was founded 31 years ago and has seven stores in Arizona and two each in New Mexico and Texas.

Cardenas Northgate Group Ranch announced Monday that as part of the deal, it will also get Pro's Ranch Markets' corporate office and a 151,000-square-foot warehouse in Phoenix.

CNG Ranch officials said all 11 Pro's Ranch Markets stores will remain open for the foreseeable future.

The group is comprised of Cardenas Markets and Northgate Gonzalez Market.

Cardenas Markets owns 26 stores in California and three in Nevada whole Northgate Gonzalez Markets operates 38 California locations.

World Class Arizona

  • Dignity Health World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

About the Author


Comments

comments powered by Disqus
Latest News