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MEXICO CITY & COMMERCE, Calif.–Grupo Comercial Chedraui, S.A.B. de C.V. announced today that its subsidiary, Bodega Latina Corporation, has entered into a definitive agreement to acquire Smart & Final Holdings, Inc. BB #:154073 from funds managed by affiliates of Apollo Global Management, Inc. for approximately U.S.$620 million, including the assumption of certain indebtedness.
Smart & Final, the smaller, faster grocery warehouse store for household and business customers, provides one-stop shopping with an assortment of both club and traditionally sized groceries, fresh foods and supplies without a paid membership and at great values. Celebrating its 150
th anniversary in 2021 and headquartered in Commerce, Calif., Smart & Final operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in California, Arizona and Nevada. There are an additional 16 stores in Northwestern Mexico operated through a joint venture. Smart & Final stores service both hous