After a fire tore through his company’s building back in 1994, the grocery company allowed them to work in one of their facilities, which he said saved his business.He didn’t know any details about Brookshire possible sale but said there has been a lot of consolidation in the industry.grocery business is a tough business, and they looking to try to save money and streamline their operations, Soules said.Soules said strong regional stores like Brookshire attract the larger chains.rates are low. So that might also be some reason that there is more consolidation, because money is cheap, and they know interest rates over the next few years are going to increase, he added.He said business for grocery stores picked up in 2008 when the recession started, but those sales have been declining.And business for restaurants, to whom John Soules Foods also sells, has been getting stronger.seen some of our retail business, which is still growing, but not at the pace it was growing at from 2008 2012, Soules said.He speculates that if a sale does indeed happen, other grocery store chain sales don’t necessarily indicate the new owners would change Brookshire who buy companies that are successful typically don go in and try to change a model that been successful, and Brookshire has been very successful. (They have a) very knowledgeable management group and those guys really know what they are doing.
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