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Albertsons will bolster ties to Latino market

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BOISE, Idaho — Albertsons Cos. announced it has invested in El Rancho Supermercado, a Texas-based retailer that focuses on stores for Latino customers. El Rancho will continue to operate as an independent company headquartered in Garland, Texas.

“El Rancho has built a great business with its 16 Texas stores, and we’re confident that we’ll be able to leverage our combined expertise to better serve customers across the existing Albertsons and El Rancho store bases,” said Bob Miller, chairman and chief executive officer of Albertsons Cos. “With El Rancho’s own distribution and manufacturing facilities serving its Texas stores, we can share best practices that will reduce costs and benefit our customers.”

The agreement with El Rancho provides Albertsons Cos. with an opportunity to invest in the fast-growing Latino grocery sector. The company already successfully operates a variety of store banners in predominantly Latino areas, and together, both companies can leverage their complementary strengths to better serve customers in this growing market.

“This transaction will allow El Rancho to accelerate growth and expand into new markets throughout Texas while finding operational efficiencies in all aspects of our business. We are aligned with their vision for the future, strategic initiatives and culture of innovation. We are excited to work together with the Albertsons Cos. management team to continue to serve families in the rapidly growing Latino market,” said Salah Nafal, president of El Rancho.


ECRM_06-01-22


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