Expansion course continued
Aldi acquires 400 US supermarkets
8/17/2023 1:24 am
With its inexpensive groceries, Aldi is also well received by customers in the USA. So good that the company can buy around 400 supermarkets from the competition. This is intended to expand the branch network, especially in the south-east of the country. The time was right, says USA boss Hart.
The food discounter Aldi is buying up around 400 supermarkets in the southeastern United States. As Aldi announced on Wednesday, the company is taking over the Winn-Dixie and Harveys chains in the states of Alabama, Florida, Georgia, Louisiana and Mississippi from the Southeastern Grocers supermarket group. While some stores will continue to exist under their previous names, others will be converted into Aldi branches.
Aldi did not name a purchase price. The acquisition is expected to be completed in the first half of 2024. “The transaction supports our long-term growth strategy in the United States,” said Jason Hart, head of Aldi in the United States. The time has come to help Southeast residents save on their grocery bills, he added, according to the statement.
The discounter already had plans to add 120 stores nationwide this year, bringing it to 2,400 stores in the US by the end of the year. The company has been present in the USA since 1976. Aldi stores in the country are owned by Aldi South, while in the US Aldi North owns the popular Trader Joe’s chain, which, like the parent company, specializes in budget groceries.
According to the company, it has been active in the southeastern United States since the mid-1990s. Since then, Aldi has invested $2.5 billion in the region. By the end of this year are one press release according to 20 new Aldi locations planned in the area.