Zeno Group handles German discount supermarket chain ALDI as it agrees to buy 400 Winn-Dixie and Harveys Supermarket stores from Southeastern Grocers.

“The time was right to build on our growth momentum and help residents in the Southeast save on their grocery bills, said Jason Hart, ALDI CEO. “The transaction supports our long-term growth strategy across the United States, including plans to add 120 new stores nationwide this year to reach a total of more than 2,400 stores by year-end.”

ALDI plans to retain the Winn-Dixie and Harveys Supermarket brand at some locations, while other outlets will carry the ALDI name.

It has invested $2.5B in the US southeast since the mid-1990s.

ALDI operates stores throughout the EU, UK, US, China and Australia.