Tuesday, May 04, 1999
Ahold, the food retailer, announced today that Disco, a prominent Argentine supermarket chain co-owned by Ahold, has successfully completed the acquisition of Supamer and Gonzalez.
These Argentine chains jointly operate 82 supermarkets. Their acquisition boosts the number of stores now operated by Disco to 195 and sales to approximately USD 1.8 billion.
The acquisitions further strengthen the position of Ahold in Argentina where Disco is already the leading urban supermarket chain with among others a prominent position in Buenos Aires.
Supamer operates 46 'Americanos' supermarkets and 25 'Mini Sol' convenience stores with joint sales of approximately USD 190 million in the province of Cordoba. Gonzalez has 11 supermarkets with sales of approximately USD 42 million in the province of San Juan.