A veteran grocery store brand in the Dallas market will soon be history.
Houston-based Fiesta Mart announced Thursday it is acquiring 11 Minyard Food Stores in the Dallas-Fort Worth metro area from RLS Supermarkets. The Minyard stores will transition to the Fiesta brand over the next several month
Fiesta is a specialty grocery retailer known for its international offerings that cater to diverse communities. With the Minyard acquisition, Fiesta will now operate 70 stores across Texas.
"This action reinforces the strategic growth plan we put forth early last year," stated Michael Byars, CEO, Fiesta. "Our entire Fiesta team has worked together to move the brand forward organically, and now through acquisition we continue on our growth plan."
Byars has personal ties to Minyard, working for the company from January 2005 through January 2009, ultimately serving as CEO and president of Minyard for more than three years. He joined Fiesta in 2015.
In early 2015, Fiesta was purchased by private equity investment firm Acon.
"Acon is pleased to add Minyard Food Stores to the Fiesta team as part of our strategic vision to grow the Fiesta brand," remarked Andre Bhatia, a managing partner of Acon.