German grocery giant Aldi has agreed to purchase Florida-based supermarket chain Winn-Dixie, according to an announcement Wednesday from Southeastern Grocers, the latter’s parent company.
It’s part of a “comprehensive strategic divestiture” of Southeastern Grocers, which has stores located in Florida, Alabama, Georgia, Louisiana and Mississippi.
The company, headquartered in Jacksonville, is also selling its Harveys Supermarkets stores to Aldi. Four-hundred stores in total will be sold to Aldi, according to the company.
After the sale, stores will continue to operate under their current Winn-Dixie and Harveys formats, the company said, but Aldi “will also evaluate which locations will convert” to its no-frills format.