Phoenix-based Pro’s Ranch Markets chain sells for $55M

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, AP reports

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.

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February 11, 2014

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Phoenix-based Pro’s Ranch Markets chain sells for $55M

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