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Phoenix-based grocery chain sells for $55M

PHOENIX — Two retailers in Southern California have reached a $55 million
deal to buy Phoenix-based Pro’s Ranch Markets, which filed for Chapter 11
bankruptcy protection last May.

The family-owned chain of grocery stores popular with Latino customers was
founded 31 years ago and has seven stores in Arizona and two each in New Mexico
and Texas.

Cardenas Northgate Group Ranch announced Monday that as part of the deal, it
will also get Pro’s Ranch Markets’ corporate office and a 151,000-square-foot
warehouse in Phoenix.

CNG Ranch officials said all 11 Pro’s Ranch Markets stores will remain open for
the foreseeable future.

The group is comprised of Cardenas Markets and Northgate Gonzalez Market.

Cardenas Markets owns 26 stores in California and three in Nevada
whole Northgate Gonzalez Markets operates 38 California locations.


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