Lufkin, Texas-based Brookshire Brothers finalized its acquisition of 25-store David’s Supermarkets, which will expand its footprint into north and central Texas.
David’s Supermarkets longtime Grandview, Texas-based owners, the Waldrip family, operated stores in dozens of small towns throughout north central Texas for 50 years.
Jerry Johnson, Brookshire Brothers president/CEO, said: “The Waldrip family serves communities similar to those we serve. Their values align with ours. We understand their customers.” Further, he added, David’s approximately 550 employees, now have the opportunity to not only become employees “but owners of Brookshire Brothers.”
Noting that the David’s acquisition provides Brookshire Brothers a presence adjacent to its existing market area, John Alston, COO, said, “The communities in north central Texas are the heart of America.” Serving its customers and communities “will be our privilege. We are pleased to offer all existing store level employees a position with our company. Some of the corporate staff has also chosen to come on board, including several third generation Waldrip family members.”
Of the 25 stores, nine will fly the David’s Supermarkets or David’s Express banners, one will remain Pecan Foods, and 15 others, including a recently opened location in Meridian, Texas, will be converted to the Brookshire Brothers banner.
Founded in 1921, Brookshire Brothers is an employee-owned company that operates 148 retail outlets, including grocery stores, convenience stores, free-standing pharmacies, and tobacco and petro locations. Two new stores are planned for 2014.