The U.S. arm of Mexico’s Grupo Comercial Chedraui SAB agreed to buy Texas-based Fiesta Mart Inc., the latest supermarket tie-up as a wave of consolidation shifts into Hispanic food stores. The acquisition, by Chedraui’s California-based unit Bodega Latina Corp., which runs the El Super chain, values closely held Fiesta Mart at as much as $300 million including debt, according to people with knowledge of the discussions. The deal for Fiesta Mart, owned by private-equity firm Acon Investments LLC since 2015, could be announced...

Source: Wall Street Journal March 25, 2018 03:56 UTC