Aldi to Acquire Winn-Dixie and Harveys Supermarket From Southeastern Grocers; Jason Hart and Anthony Hucker Discuss
BATAVIA, IL - There is perhaps nothing more we love to report on than news of acquisitions. Southeastern Grocers recently announced the strategic divestiture of its portfolio, with discount retailer Aldi stepping in to purchase. Aldi announced just this morning that it entered into a definitive agreement to acquire Winn-Dixie and Harveys Supermarket.
"Like Aldi, Winn-Dixie and Harveys Supermarket have long histories and many loyal customers in the Southeast, and we look forward to serving them in the years to come," commented Jason Hart, Aldi's Chief Executive Officer. "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's expansion plans have been consistent for several years. As a strategic goal to further its expansion in the Southeast, this acquisition adds approximately 400 Winn-Dixie and Harveys Supermarket locations across Alabama, Florida, Georgia, Louisiana, and Mississippi, to Aldi's portfolio.
"This merger agreement is a testament to our successful transformational journey and the tireless work of our dedicated associates who serve our communities," said Anthony Hucker, President and Chief Executive Officer of Southeastern Grocers, in a press release. "Aldi shares our vision to provide exceptional quality, service, and value—and this unique opportunity will evolve our business to benefit our customers, associates, and neighbors throughout the Southeast."
The transaction is expected to close in the first half of 2024, subject to regulatory approval and other customary closing conditions, the release went on to note.
"Aldi will operate Winn-Dixie and Harveys Supermarket stores with the same level of care and focus on quality and service, as we also evaluate which locations will convert to the Aldi format to better support the neighborhoods we'll now have the privilege of serving," added Hart. "For those stores we do not convert, our intention is that these continue to operate as Winn-Dixie and Harveys Supermarket stores."
To learn more about the acquisition, click here.
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