IE Business Daily Business news for the Inland Empire.
Ontario-based Cardenas Markets and Mi Pueblo, a supermarket chain based in San Jose, are merging.
The result is one of the largest Hispanic supermarket chains in the United States, according to a statement released Thursday.
KKR and Victory Park Advisors, both private equity firms that are heavily invested in the pair of grocery chains, engineered the merger.
The new company will operate as Cardenas Markets LLC, and its immediate goal will be to expand into more Hispanic markets, according to the statement.
