Arizona Asian Grocery Chain Acquired by California Company

Article originally posted on Phoenix Business Journal on April 11, 2024

Lee Lee International Supermarkets, a three-store Asian-focused international grocery store chain with locations in Peoria, Chandler and Tucson, has been acquired by a Southern California-based specialty grocery retailer.

Maison Solutions Inc. (Nasdaq: MSS), which owns a handful of supermarkets that offer traditional Asian and international food and merchandise, announced Wednesday it acquired Lee Lee Oriental Supermart Inc. through its wholly-owned subsidiary AZLL LLC, an Arizona limited liability company, for $22.2 million.

The purchase amount will be paid over a 10-month period, and includes $7 million in cash paid immediately at closing, with the rest paid through a secured note agreement.

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