Germany-based grocery chain ALDI has entered into a definitive agreement to acquire Winn-Dixie and Harvey’s Supermarkets as part of a larger divestiture of Southeastern Grocers to various entities. The acquisition continues the growth of ALDI, with 299 of the 400 stores across the Southeast located in Florida.

The transaction supports ALDI’s long-term growth strategy across the U.S., including plans to reach a total of more than 2,400 stores by the end of 2024. The organization is one of the fastest-growing grocery chains in the country. The latest acquisition includes stores across Florida, Georgia, Louisiana and Mississippi.

ALDI was counseled through the transaction by Deutsche Bank as financial advisor, Baker & McKenzie LLP as transaction counsel, and Kayne Law Group as real estate counsel. The transaction is expected to close in the first half of next year, subject to customer closing conditions and regulatory approval.

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