Aldi is expanding its footprint in the US with the purchase of two supermarket chains belonging to Southeastern Grocers.
Under an agreement, Aldi will become the new owner of Winn-Dixie and Harveys Supermarket, a pair of grocery chains with about 400 stores in several southeastern states.
Aldi’s local CEO Jason Hart stated that it would evaluate which locations will be converted to its main discount format, with it keeping others operating under the Winn-Dixie and Harveys Supermarket models.
Three-quarters of the stores being acquired are located in Florida, and the rest are located in Alabama, Georgia, Louisiana and Mississippi.
Hart said: “The time was right to build on our growth momentum and help residents in the Southeast save on their grocery bills. The transaction supports our long-term growth strategy across the United States, including plans to add 120 new stores nationwide this year to reach a total of more than 2,400 stores by year-end.”
Aldi and Southeastern Grocers expect to complete the transaction by the middle of 2024, subject to regulatory approval and other closing conditions.
The deal will involve Aldi paying Southeastern Grocers cash for the outstanding capital stock belonging to the latter, which is also offloading its Fresco y Más brand to a different company in a separate transaction.
NAM Implications:
- As the man says:
- “The time was right to build on our growth momentum…’
- And the bigger they get, the more difficult to begin trying to climb aboard.
- (Still looking for a good reason to work with Aldi?)
