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Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR

Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR
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Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ....

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Cardenas to merge with Tony's Fresh Market in Apollo acquisition

Hispanic and specialty grocers to form leading multi-ethnic food retailer ....

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Cardenas acquisition to reshape market

Cardenas Markets, a leading grocery retailer focused on serving the Hispanic community, has been acquired by Apollo Global Management. Upon completion of the transaction, Apollo will combine Tony’s Fresh Market, a Chicago-based portfolio company, with Cardenas Markets, which operates across California, Nevada and Arizona, to create a leading Hispanic- and ethnic-focused grocer. Both companies will continue to operate under their respective brands and local leadership, while benefiting from greater scale, complementary capabilities and an expanded operating footprint. ....

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