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Regional Hispanic-themed independent Pro’s Ranch Markets has agreed to sell four of its California Central Valley grocery stores to Vallarta Supermarkets, another Hispanic independent grocer that operates 27 stores across six counties in the state. The transaction is expected to close before Thanksgiving 2010.
“The Central Valley and the surrounding communities welcomed us with open arms from day one, and we have long-term team members who are like family, so this decision is especially difficult,” said Mike Provenzano Sr., Pro’s Ranch Markets president and CEO.
Ontario, Calif.-based Pro’s Ranch will continue to own and operate 11 locations in the Southwest with stores in Arizona, Texas, and New Mexico (including four currently under construction).
“We welcome the customers of the Ranch Markets team to our family and look forward to working with the employees for a smooth transition,” said Enrique Gonzalez Sr., owner of Vallarta Supermarkets.
Pacoima, Calif.-based Vallarta Supermarkets will operate 11 stores in the Central Valley after the completion of this transaction.