PPIH to acquire Gelson’s Markets from TPG Capital.

Pan Pacific International Holdings, a global retailer, agreed to acquire Gelson’s Markets, a Southern California grocery chain, from TPG Capital. Financial terms were not disclosed. “As we look to the future, we are excited about opportunities for new growth and partnerships under PPIH, while remaining focused on our longtime commitment to the highest standards of quality, value, and unsurpassed customer service. PPIH leadership has visited every one of our locations and has been incredibly complimentary of our stores and teams, as well as our customer service philosophy,” Rob McDougall, Gelson’s President and CEO.