Discount Retail Chain Aldi has successfully completed the divestiture of Fresco y Más to Fresco Retail Group, LLC, marking an important milestone in their strategic business plan.
This announcement comes as part of the larger acquisition deal unveiled in August, which entails Aldi, the discount grocer, acquiring Southeastern Grocers' 400 Winn-Dixie and Harveys Supermarket stores. The agreement stipulates that Aldi will acquire all outstanding Southeastern Grocers stock in an all-cash transaction.
Anthony Hucker, President and CEO of Southeastern Grocers, expressed his satisfaction with the completion of the sale, emphasizing the company's commitment to the ongoing operation of Harveys Supermarket and Winn-Dixie stores. Hucker stated that Southeastern Grocers remains focused on delivering an exceptional grocery shopping experience, one that meets the expectations of their valued customers and communities. The divestiture of Fresco y Más represents a key step forward in their progressive growth strategy.
Expected Finalization Date of the Aldi Acquisition
The acquisition of Southeastern Grocers by Aldi is expected to be finalized by the first half of 2024. Until then, the Harveys and Winn-Dixie stores, concentrated primarily in Alabama, Georgia, Louisiana, Mississippi, and Florida, will continue to operate under their existing banners. Aldi's CEO, Jason Hart, expressed confidence in a smooth transition, highlighting the company's successful track record of store openings and remodels across the nation. Hart also assured customers that there will be no immediate changes, as Aldi remains dedicated to providing great products at the lowest possible prices.
Aldi's Expansion Strategy in the U.S. Market
This acquisition is part of Aldi's broader expansion strategy in the U.S. market. In 2023 alone, Aldi opened numerous stores and unveiled its 26th distribution center. With plans to open as many as 120 stores, Aldi is rapidly strengthening its presence in the grocery retail landscape. As of this year, the company has already launched four stores in Illinois, California, Florida, and Arkansas, further solidifying its position as a leading player in the industry.
