Southeastern Grocers Sells Fresco y Más

Southeastern Grocers Inc. (SEG) has sold Fresco y Más to Fresco Retail Group, LLC, as the company takes another step toward the completion of Aldi’s acquisition of Winn-Dixie and Harveys supermarkets.

As previously announced in August 2023, SEG 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 SEG capital stock in an all-cash transaction, which encompasses all SEG grocery operations under the Harveys Supermarket and Winn-Dixie banners.

SEG officials said they anticipate the proposed merger with Aldi to be complete in the first half of 2024. 

Until the merger’s completion, SEG will continue to operate Harveys Supermarket and Winn-Dixie stores. This includes approximately 400 locations in Alabama, Georgia, Louisiana, Mississippi and Florida.

“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.”