Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the parent company of Winn-Dixie and Harveys.
Financial terms of the deal weren't disclosed. Both Southeastern Grocers and Aldi are private companies. Aldi is based in Germany with a U.S. headquarters in Batavia, Illinois.
Aldi said it will convert some locations to its own brand and format, which cuts costs with features like limited selection and self-bagging. But it will operate some stores under the Winn-Dixie and Harveys brands. The deal comes amid wider consolidation in the grocery industry as customers increasingly defect to big box stores like Walmart. In the year ending June 30, Walmart controlled 25% of U.S. grocery sales, according to Numerator, a market research firm. Aldi controlled 2% while Southeastern Grocers controlled less than 1%. Aldi's share had grown 0.2% since 2021, while Southeastern Grocers' share was down 0.2%.
But not everyone supports consolidation. The United Food and Commercial Workers union, which represents the majority of hourly workers at Kroger as well as workers at Albertsons-owned Safeway, voted in May to oppose the merger, saying the companies weren't being transparent about its impact on jobs.
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