Grocery Outlet Expands with United Grocery Outlet Acquisition

By Tamara Parker • Tuesday, April 02 10:15 • Permanent Link

Grocery Outlet Holding Corp. (NASDAQ: GO) has successfully completed the acquisition of United Grocery Outlet (UGO), an extreme value, discount grocery retailer with 40 stores and a distribution center operating in the southeastern United States. This strategic move expands Grocery Outlet's presence into new adjacent markets in Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia.

RJ Sheedy, the President and CEO of Grocery Outlet, expressed delight in finalizing the transaction, emphasizing the strong performance track record of the acquired stores. This acquisition not only provides immediate scale but also serves as a platform for future expansion in the Southeast region. The shared mission of serving communities, along with similar buying strategies and customer value propositions, makes this acquisition a natural fit for Grocery Outlet's business.

As a result of these announcements, the company's shares have moved -1.2% on the market, and are now trading at a price of $28.32. For the full picture, make sure to review Grocery Outlet's 8-K report.

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