Southeastern Grocers said Thursday that it has completed the divestiture of the Fresco y Más Hispanic grocery chain, a move the chain announced last summer when it unveiled plans to ultimately exit the supermarket business.
Fresco Retail Group has taken control of the chain, which encompasses 28 stores located in the southern, central and southwestern portions of Florida.
When Southeastern Grocers said last August that it intended to part ways with Fresco y Más, the company indicated that Fresco Retail Group would operate the stores and four pharmacies it is acquiring “as they are presently,” without providing details.
In addition to unloading Fresco y Más, Southeastern Grocers has agreed to sell its larger Winn-Dixie and Harveys Supermarket chains to Aldi under an all-cash deal expected to be completed during the first half of 2024. That deal, which includes 400 Winn-Dixie and Harveys locations in Alabama, Florida, Georgia, Louisiana and Mississippi, where 75% of the chains’ stores are situated, positions Aldi to sharply expand its operations in the Southeast.
Southeastern Grocers noted in a press release about the completed sale of Fresco y Más that it intends to continue running the Winn-Dixie and Harvey chains “in the normal course of business up to and until the transactions are completed.”
“The successful sale of Fresco y Más marks an important milestone on our path forward,” Anthony Hucker, president and CEO of Southeastern Grocers, said in a statement. “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.”