Cardenas Markets Acquires Los Altos Ranch Market and Further Solidifies Its Position as the Leading Hispanic Supermarket Chain

Company to Operate Seven Los Altos Markets Stores in Phoenix

ONTARIO, Calif.–(BUSINESS WIRE)–Cardenas Markets, the leading Hispanic supermarket chain in the country,
announced today the acquisition of Los Altos Ranch Market, integrating
seven operating Phoenix locations of Los Altos Ranch Market into the
Cardenas operating system. Earlier this year, Cardenas Markets in
Southern California, as well as Mi Pueblo in Northern California, joined
forces in pursuit of their vision of becoming the #1 Hispanic grocer in
the United States.


“Acquisitions and new strategic store locations are a key component of
our growth strategy,” said John Gomez, President and CEO of Cardenas
Markets. “We are fortunate to have identified Los Altos Ranch Market as
a partner whose values and mission are aligned with our organization. We
welcome the employees of Los Altos Ranch Market into the Cardenas
Markets family and look forward to the many opportunities of growth
resulting from this partnership.”

With this acquisition, the company has expanded its footprint into the
Arizona market, bringing its total number of stores to 53. During the
transition period, no immediate changes are expected to the operations
of Los Altos Ranch Market stores. The group of stores will gradually be
integrated into Cardenas’ operations while continuing to offer the best
shopping experience to the communities they serve.

Los Altos Ranch Market has a rich history of serving the Hispanic
community which dates back to 1982; the brand has been a trusted
community partner in Phoenix since its first location opened in 2002.
The Cardenas acquisition marks a new milestone for the chain.

About Cardenas Markets

Cardenas Markets is headquartered in Ontario, California and has been in
operation since 1981. Cardenas operates store locations in California,
Nevada and now Arizona. Cardenas is known and respected as a prominent
Latino market with a unique tradition of authentic flavors. Cardenas
Markets offer customers, the best shopping experience with a wide
selection of quality and fresh products and great service at a superior
value.

For additional information about Cardenas, please visit: http://www.cardenasmarkets.com.

About Los Altos Ranch Market:

Los Altos Ranch Market operates 7 stores in Arizona and it is focus on
providing authentic tastes and shopping experiences delivered through
exceptional service to the communities it serves. To learn more about
Los Altos please visit http://www.losaltosranchmarket.com/.

Contacts

Cardenas Media:
Alberto Gonzalez / Marco Robles, 909-524-7182
mrobles@cmkts.com