Aldi is planning to purchase Harvey's and Winn-Dixie
Aldi, a supermarket operator, has agreed to buy Harveys Supermarket and Winn-Dixie from Southeastern Grocers.
The purchase includes around 400 Winn-Dixie and Harveys Supermarket sites spread across Alabama, Florida, Georgia, Louisiana, and Mississippi as part of a broader divestiture by Southeastern Grocers.
The two private companies' agreement's financial details weren't made public.
The agreement strengthens Aldi's position in the American Southeast and helps it achieve its goal of having more than 2,400 stores by the end of the year.
Jason Hart, the CEO of Aldi, said the firm will assess which locations would adopt the Aldi concept and which would continue to operate as Winn-Dixie and Harveys Supermarket locations.
The acquisition of Winn-Dixie and Harveys by Aldi comes as two of the biggest supermarket operators in the United States are looking to merge.
The top two American grocery store firms, Kroger and Albertsons, will be combined as a result of the agreement Kroger made to purchase Albertsons last year for nearly $20 billion.
In order to obtain regulatory permission, Kroger has stated that the merger is on pace to completion next year and that it is collaborating with the Federal Trade Commission on a plan to divest some of its shops.