Albertsons Companies to invest in El Rancho Supermercado.

Albertsons Companies, a grocery store company has invested in El Rancho Supermercado, a Texas-based retailer which focuses on stores for Latino customers. Financial terms were not disclosed. The agreement with El Rancho provides Albertsons Companies an opportunity to invest in the fast-growing Latino grocery sector. The company already successfully operates a variety of store banners in predominantly Latino areas, and together, Albertsons Companies and El Rancho can leverage their complementary strengths to better serve customers in this growing sector. "El Rancho has built a great business with its 16 Texas stores, and we're confident that we'll be able to leverage our combined expertise to better serve customers across the existing Albertsons Companies' and El Rancho store base. With El Rancho's own distribution and manufacturing facilities serving their Texas stores, we can share best practices that will reduce costs and benefit our customers." Bob Miller, Albertsons Companies Chairman & CEO.