Aldi to acquire Winn-Dixie and Harvey’s Supermarket
The deal, which includes approximately 400 grocery stores across five Southeastern states, continues the discount grocer’s aggressive growth trajectory.
Aldi announced Wednesday that it has agreed to acquire Winn-Dixie and Harveys Supermarket from Southeastern Grocers for an undisclosed all-cash amount as that company continues to divest its various grocery assets.
The deal includes approximately 400 Winn-Dixie and Harveys locations in Alabama, Florida, Georgia, Louisiana and Mississippi, encompassing 75% of the chains’ grocery locations. The transaction, under which Aldi will acquire all of Southeastern Grocers’ capital stock, is expected to close in the first half of 2024, subject to regulatory approval and other closing conditions.
The deal continues Aldi’s aggressive growth trajectory over the past several years and marks its largest acquisition so far in the U.S. The discount grocer plans to evaluate whether or not to rebrand locations to the Aldi name. “For those stores we do not convert, our intention is that these continue to operate as Winn-Dixie and Harveys Supermarket stores,” Aldi CEO Jason Hart said in a statement.
Grocery Dive
Related news
Diageo spices up Captain Morgan cocktails
The brand best known for its spiced rum is leaning…
Read more >Starbucks shakes up RTD lineup with energy drinks
The world’s largest coffee chain is seeking a bigger slice…
Read more >Lavazza Plans US Expansion Amid Brazil Coffee Tariff Concerns
Italian coffee maker Lavazza plans to press ahead with expansion…
Read more >Related news
Disrupted market, uncertain future – foot-and-mouth disease epidemic could have serious consequences
The outbreak of foot-and-mouth disease (FMD) in Hungary has triggered…
Read more >Dethronement in the luxury world: Hermès overtakes LVMH
A new era may be dawning for the luxury industry:…
Read more >Food Bank saved more than 10,000 tonnes of food in 2024
In 2024 the Hungarian Food Bank Association collected and distributed…
Read more >