Canada’s largest food retailer, Loblaw Limited, has announced today that the company has finalized a $225 million acquisition of T&T Supermarket Inc.

Loblaws will pay $191 million in cash and the remainder of the $225 will come in Loblaw preferred shares.

The acquisition comes as Loblaws tries to diversify its business to offer more ethnic foods given slumping traditional sales.

T&T Supermarket Inc. generates about $500 million in annual total revenue and operates 17 stores in Canada and operates four distribution centers.