In a move that will strengthen its presence across Southern California, Superior Grocers announced that it has acquired Numero Uno, an independent chain of 22 Hispanic retail grocery stores.
As a result of the acquisition, Santa Fe Springs, California-based Superior will operate 69 grocery stores in the region.
“We are excited to welcome the Numero Uno team and its customers to our company,” said Richard Wardwell, president. “This acquisition…reflects our continued commitment to growing the company to better serve our customers.”
Doug Minor, president of Numero Uno, also welcomed the deal.
“We are looking forward to the opportunities for our team joining Superior and the ability to enhance our customers shopping experience,” Minor said.
Superior is one of the largest independently-owned chains of grocery stores in Southern California. The company said its philosophy is to offer the highest quality products with exceptional customer service. It is dedicated to “building a community of loyal customers, vendors and staff where food shopping is fun and the spirit and love of family guide our action.”
Kroll Corporate Finance (formerly Duff & Phelps Securities) acted as the financial advisor and Greenberg Traurig LLP as the legal advisor to Superior Grocers. The Food Partners acted as the financial advisor and Duane Morris LLP as the legal advisor to Numero Uno.