Grocery Outlet Holding Corp. has completed its acquisition of United Grocery Outlet, the company reported on Tuesday.
United Grocery Outlet is an extreme discount grocer with 40 stores and a distribution center in the Southeastern U.S.
The acquisition of United Grocery Outlet expands Grocery Outlet’s reach into Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia, the company said in a press release.
“These stores have a track record of strong performance and give us immediate scale and a platform for future expansion in this new region,” said RJ Sheedy, president and CEO of Grocery Outlet, in a statement. “Our similar opportunistic buying strategies, customer value propositions, and shared mission of serving our communities make this acquisition a natural fit for our business.”
Grocery Outlet plans to open 60 stores this year, the company said in late February. The company opened 13 stores in Q4, putting their total store count at 468 in nine states.
