ALDI today announced it has entered into a definitive agreement to acquire Winn-Dixie and Harveys Supermarket as part of a larger divestiture of Southeastern Grocers to various entities. The acquisition continues the growth of ALDI’s expanding its ability to serve the region with great products at the lowest possible prices.
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.”
The Albrecht family’s two branches own hundreds of Aldi’s and Trader Joe’s outlets throughout the world. Throughout the twentieth century, Theo Albrecht Sr. and his brother Karl Albrecht Sr. created the grocery store business in Germany. Beginning in 1961, the two parted ownership, with Karl Sr. taking control stories in southern Germany and the rights to Aldi’s in the United States, United Kingdom, and Australia. Meanwhile, Theo Sr. took over the stores in northern Germany and the rest of Europe, and he purchased Trader Joe’s ten years later. Theo Jr. and his brother’s successors now control the two sides of the grocery store business as distinct corporations.
What is ALDI
Despite many retailers shuttering stores due to economic conditions, ALDi’s is doubling-down on expansion plans, supporting its position as one of the fastest-growing grocers in the country. The Southeast-focused acquisition includes approximately 400 Winn-Dixie and Harveys Supermarket locations across Alabama, Florida, Georgia, Louisiana and Mississippi.
“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.”
“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.”
A Certified™ Great Place to Work® and one of Forbes’ America’s Best Large Employers, ALDI will bring its employee-focused culture and above-industry-average store associate wages to more markets in the Southeast.
Deutsche Bank served as financial advisor to ALDI. Baker & McKenzie LLP was transaction counsel to ALDI and Kayne Law Group served as real estate counsel to ALDI.
The transaction is expected to close in the first half of 2024, subject to regulatory approval and other customary closing conditions.
ALDI’s is one of America’s fastest-growing retailers, serving millions of customers across the country each month. Our disciplined approach to operating with simplicity and efficiency gives our customers great products at the lowest possible prices. In addition to helping protect the planet, ALDI’s helps customers save time and convenient shopping options via in-store, curbside pickup or delivery at shop.aldi.us. For more information about ALDI, visit aldi.us.