Northgate sells stake in Arizona markets to Cardenas Market
By Nancy Luna
Northgate Gonzalez Market in Anaheim sells stake in Arizona markets. (MARK RIGHTMIRE, THE ORANGE COUNTY REGISTER)
Northgate Gonzalez Markets new store will open in La Habra property. Northgate plans to grow more stores in SoCal. (Photo by Sam Gangwer, Orange County Register/SCNG)
Northgate Gonzalez Markets new store will open in La Habra on March 29. It is relocating from its old store, the second the family chain ever opened in 1986. The company purchased the entire plaza at 1305 W. Whittier Boulevard and is remodeling the entire property. in La Habra, CA on Wednesday, March 22, 2017. (Photo by Sam Gangwer, Orange County Register/SCNG)
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Anaheim-based Northgate Gonzalez Market has sold its stake in seven Los Altos Ranch Markets in Arizona to rival Hispanic retailer Cardenas Market.
The value of the deal was not disclosed. The sale comes more than three years after the two leading Southern California Hispanic retailers joined forces to buy Pro’s Ranch Markets, which had seven stores in Arizona, two in New Mexico and two in Texas.
Pro’s Ranch, based in Phoenix, had filed for bankruptcy protection the year before. In the deal, valued at $55 million, the Cardenas and Gonzalez families […]