Announced
Financials
Tags
Cross Border
Pending
United States
Majority
Friendly
Single Bidder
Diversified Retailers
supermarkets
Acquisition
Private
Domestic
Synopsis
Supermarket chain operators ALDI and Fresco Retail Group, agreed to acquire the supermarket assets of Southeastern Grocers, a supermarket portfolio. The supermarket assets include Fresco y Más, Winn-Dixie and Harveys Supermarket. Financial terms were not disclosed. “Our successful transformational journey has created a unique opportunity with leading partners who share our vision and common commitments to creating value for their customers. We believe these next steps will fuel a phenomenal experience for our customers, new opportunities for our associates and increased value for our shareholders. As the sales processes proceed, we’ll stay acutely focused upon delivering the exceptional quality, service and value that our customers and communities have come to expect from us," Anthony Hucker, Southeastern Grocers President and CEO.
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