Brookshire Brothers said Friday it has agreed to acquire David’s Supermarkets, a 25-store chain in North-Central Texas. Terms were not disclosed.
“We feel like these family‐owned stores align with our core value that we are a celebration of family and community,” said Jerry Johnson, president and CEO of Lufkin, Texas-based Brookshire Brothers. “As a 100% employee‐owned company, this transaction also presents opportunities for the employees of David’s.”
David’s Supermarkets, founded in 1964, is owned by the Waldrip family. It is based in Grandview, Texas, and also operates a distribution center near there, which will be included in the acquisition, a Brookshire Brothers spokeswoman told SN.
Brookshire Brothers currently has 123 retail outlets, with two new stores planned for 2014.
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