Brookshire Brothers To Acquire 25-Store David’s Supermarkets Chain

POSTED BY: TERRIE   |   POSTED ON: JANUARY 17, 2014

http://www.theshelbyreport.com/

Lufkin, Texas-based Brookshire Brothers has entered into an agreement to acquire the assets of David’s Supermarkets, a 25-store chain located in north central Texas that is owned by the Waldrip family. “We feel like these family-owned stores align with our core value that we are a celebration of family and community unity,” said Jerry Johnson, president and CEO of Brookshire Brothers. “As a 100 percent employee-owned company, this transaction also presents opportunities for the employees of David’s.” The due diligence phase is under way. During this process Brookshire Brothers is working closely with the Waldrips to ensure that the transition is as seamless as possible for the communities they serve. Founded in 1921, Brookshire Brothers has 123 active and operating retail outlets including grocery store, convenience store, freestanding pharmacy, tobacco and petro locations with two new stores planned for 2014. For more information, visit brookshirebrothers.com.