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Stater Bros. Markets is a privately held supermarket chain, based in San Bernardino, California, consisting of 171 stores located throughout Southern California.It was founded in Yucaipa, California, on August 17, 1936, by twin brothers Cleo and Leo Stater when they purchased the market owned by Cleo's boss, W. A. Davis, with a $600 down payment ($13,174 in 2023 dollars [3]). [4]
Apr 16, 1986 · The latest dispute in the bitter battle stems from an agreement reached Friday between Brown’s group, La Cadena Investments, and Compton-based Craig Corp., which owns 5.6% of Stater’s stock.
Stater Bros. is a private company owned by La Cadena Investments, a general partnership majority owned by the chain's chairman, chief executive officer, and president, Jack H. Brown. 1930s Origins. Stater Bros. was founded by twin brothers Cleo and Leo Stater in 1936.
Craig Corporation, a Compton-based electronic distributor, helped to provide the financing. Craig and Brown's group, La Cadena Investments, then took the business private again in 1987. In 1993, La Cadena bought out's Craig's 50 percent share and became the sole shareholder. Continued Success in the 1990s and Beyond
In 1983, after creating La Cadena Investments, Brown leveraged La Cadena’s purchase of Stater Bros. from Petrolane. Under Brown’s guidance, Stater Bros. continued to operate out of its established warehouse in southeast Colton, proximate to the city limits with Grand Terrace, withstood a hostile takeover bid in 1986 and 1987 and pressed ...
Free and open company data on California (US) company LA CADENA INVESTMENTS, INC. (company number 1135810), 10555 VIRGINIA AVE, CULVER CITY, CA 90230
Founded in 1936 by twin brothers Leo and Cleo Stater, Stater Bros. is owned by chairman and CEO Jack Brown through La Cadena Investments. Read Less.
