Ontario, Calif.-based Cardenas Markets expanded to the Arizona market with the acquisition of Phoenix-based Los Altos Ranch Market.
The acquisition increases the Cardenas store count to 53 following the company’s purchase of Mi Pueblo in Northern California earlier this year.
“Acquisitions and new strategic store locations are a key component of our growth strategy,” said John Gomez, president and CEO of Cardenas Market, in a news release. “We are fortunate to have identified Los Altos Ranch Market as a partner whose values and mission are aligned with our organization.”
Cardenas plans no immediate changes for the operations of Los Altos Ranch Market, and the group of stores “will gradually be integrated into Cardenas’ operations,” according to the release.