HOUSTON-The Houston Business Journal reportsthat the 52-year-old Gerland Corp., which operatesFood Fair, Food Town and GrandMarket, is being acquired by Grocers SupplyCo. Inc., a Houston-based wholesale distributor to chainssuch as Fiesta Mart (which it also owns). Theacquisition is anticipated to close at the end of the day on June16, according to the article.
Grocers Supply currently owns approximate 15.6% of the marketshare in the Houston MSA whereas Gerland's Food Town chain has lessthan 2% of the market share. Grocers Supply continues toexpand as well – the locally based Fiesta Mart Inc. announced itwould open its first location in Sugar Land, a 41,000-square-footstore at 13833 SH 59.
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