Winn-Dixie Grocery Store, exterior and entrance.

Jeff Greenberg | Universal Images Group | Getty Images

Supermarket chain Aldi plans to acquire hundreds of Winn-Dixie and Harveys supermarket locations across the southern US in a deal that will expand the fast-growing grocery’s presence across the region.

Germany-based Aldi said in a News release On Wednesday, it will take over operations of all Winn-Dixie and Harveys supermarket locations — about 400 stores — in Florida, Alabama, Georgia, Louisiana and Mississippi.

“This is the right time to further our momentum of growth and help Southeast residents save on their grocery bills,” said Jason Hart, CEO of Aldi. “This transaction supports our long-term growth strategy across the United States.”

Financial details of the transaction were not disclosed, but the deal is expected to close in the first half of 2024, the company said.

According to the release, some locations will be converted to Aldi stores following the acquisition, while others will continue to operate as Winn-Dixie and Harvey’s Supermarket grocery stores.

Aldi said it has invested $2.5 billion in the area since the mid-1990s. Across the country, the company plans to add 120 new stores by the end of the year to reach a total of over 2,400 stores.

While many retailers are closing shops high inflation pocketed by the consumers, grocer They remain resilient, as consumers focus on necessities and are willing to spend more on groceries.

The sale of Winn-Dixie and Harveys supermarket locations is part of a massive busted By the chain’s parent company, Southeastern Grocers.

The Florida-based grocery company has been struggling to find its footing in the sector for the past decade. Filing for Chapter 11 Bankruptcy in 2018 and about a hundred stores closed at that time. In 2014, the company backed out of plans to go public and canceled plans to do so again. 2021,

Southeastern will also sell its other 28 Fresco y Mas stores as part of its divestment in a separate deal.

“This merger agreement is a testament to our successful transformational journey and the tireless work of our dedicated associates serving our communities,” said Anthony Hucker, CEO of Southeastern. “ALDI shares our vision of providing exceptional quality, service and value – and this unique opportunity will grow our business to benefit our customers, associates and neighbors throughout the Southeast.”

Leave a Reply

Your email address will not be published. Required fields are marked *