Boise, Idaho-based Albertsons Cos. expanded its reach in the Hispanic retail community with an investment in Garland, Texas-based El Rancho Supermercado.
El Rancho will continue to operate as an independent company, according to a news release.
“El Rancho has built a great business with its 16 Texas stores, and we’re confident we’ll be able to leverage our combined expertise to better serve customers across the existing Albertsons Companies’ and El Rancho store bases,” said Bob Miller, Albertsons Cos. chairman and CEO, in a news release. “With El Rancho’s own distribution and manufacturing facilities serving their Texas store, we can share best practices that will reduce costs and benefit our customers.”
Salah Nafal, El Rancho president, said in a news release the investment will help the company “accelerate growth.”
“The transaction announced today will allow El Rancho to accelerate growth and expand into new markets throughout Texas while finding operational efficiencies in all aspects of our business,” he said in a news release.
This isn’t the first Hispanic banner for Albertsons, and not even the first in Texas. Albertsons is the parent company of Lubbock-based United Family, which operates four Amigos by United locations in West Texas.