Southeastern Grocers Inc. has completed its strategic divestiture of Fresco y Más to Fresco Retail Group.
The grocer will continue to own and operate Harveys Supermarket and Winn-Dixie grocery stores.
“The successful sale of Fresco y Más marks an important milestone on our path forward,” said Anthony Hucker, president and CEO of Southeastern Grocers.
“As we continue to lead our Harveys Supermarket and Winn-Dixie stores, we remain focused on being the ‘Most Preferred Grocer in the Neighborhood’ and delivering an exceptional grocery shopping experience complete with the quality, service and value our customers and communities have come to expect.”
As previously announced in August, Southeastern Grocers entered into definitive agreements with Aldi and Fresco Retail Group to effectuate a comprehensive strategic divestiture of its businesses. Under the proposed merger agreement, Aldi will acquire all outstanding capital stock in an all-cash transaction, which encompasses all grocery operations under the Harveys Supermarket and Winn-Dixie banners.
The grocer anticipates that the proposed merger with Aldi will be completed in the first half of 2024.
Southeastern Grocers will continue to operate its Harveys Supermarket and Winn-Dixie grocery stores in the normal course of business up to and until the transactions are completed. This includes about 400 stores in Alabama, Georgia, Louisiana, Mississippi and Florida where 75 percent of the stores are located.
About Southeastern Grocers
Southeastern Grocers Inc., parent company and home of Harveys Supermarket and Winn-Dixie grocery stores, is an omnichannel retailer serving customers in brick-and-mortar grocery stores and liquor stores, as well as online with convenient grocery delivery and curbside pickup throughout Alabama, Florida, Georgia, Louisiana and Mississippi.
Read more corporate chain store news from The Shelby Report.
