Brookshire Brothers Completes David’s Acquisition
Two Texas grocery companies have merged.
Lufkin-based Brookshire Brothers on Friday completed its previously announced acquisition of family-owned David’s Supermarkets, headquartered in Grandview, from the Waldrip family. The purchase includes 25 David’s stores.
“The Waldrip family serves communities similar to those we serve,” said Brookshire Brothers President and CEO Jerry Johnson. “Their values align with ours. We understand their customers.”
The David’s acquisition gives Brookshire Brothers a presence adjacent to its existing market area.
“We feel these communities in North Central Texas are the heart of America,” said John Allston, chief operations officer of Brookshire Brothers. “Serving them and serving with them in their communities will be our privilege.”
David’s approximately 550 employees will have the opportunity to become employee-owners of Brookshire Brothers.
“We are pleased to offer all existing store-level employees of David’s a position with our company,” Allston added. “Some of the corporate staff has also chosen to come on board, including several third-generation Waldrip family members.”
Nine of the 25 acquired stores will operate under the David Supermarkets or David’s Express banners, one store will remain Pecan Foods and 15 stores, including one that recently opened in Meridian, will become Brookshire Brothers.
“All will share the Brookshire Brothers core value of celebrating family and community,” said Allston.