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In 1958, Stater Bros. incorporated, and all but five of the partnerships were dissolved, and the store managers were bought out with either cash or stock. It was not until 1964 that all of the stores were brought into the fold.
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]
Jul 21, 2023 · In 1958, Stater Bros. incorporated, and all but five of the partnerships were dissolved, and the store managers were bought out with either cash or stock. 1960 Because all of the chain's growth was internal, the company formed a construction division in 1960 to plan and build new supermarkets and other facilities.
Jul 25, 2011 · Petrolane sold the Stater chain in 1983 to Hampshire Industries, which took a 51% stake, and La Cadena Investments — a company headed by Brown — which took a 49% stake. The chain went public ...
- Elliot Zwiebach
In the midst of the Great Depression, Stater Bros. officially opened for business on August 17, 1936. Headquartered in San Bernardino, CA, Stater Bros. Markets is proudly celebrating 87 years of serving Southern California families.
Aug 16, 2016 · Feb. 19, 1968: Stater Bros. and Petrolane Gas Service announce approval of a merger. The chain has 32 stores with 900 employees. April, 1981: Board elects Jack H. Brown president.
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Dec 8, 2023 · The story begins in 1936 when Cleo and Leo Stater opened their first small grocery store in Yucaipa, California. Fueled by a passion for providing quality products and exceptional service, the...
