Already the grocer with the largest footprint – by far – in Texas, H-E-B is making a big bet on digital as it looks to ensure a future filled with continued growth.
The San Antonio-based chain said Thursday that it is buying Austin-based Favor Delivery, an app-based delivery service with a network of more than 50,000 runners statewide delivering meals from restaurants, groceries and a lot more almost around the clock.
Financial terms of the transaction were not released.
Favor will become a wholly owned H-E-B subsidiary as part of the deal. It will still be based in Austin, with current CEO and president Jag Bath continuing in that role.
“We’re super proud to be joining forces with H-E-B,” Bath said. “We are two Texas-born and -based companies. Everybody in Texas knows H-E-B. H-E-B is a fantastic brand.”
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