The Kroger Co. (Cincinnati) has reached an agreement to purchase seven supermarkets in the Dallas metropolitan area from Winn-Dixie Stores (Jacksonville, Fla.).
The transaction, which is subject to certain customary conditions and regulatory review, is expected to close within 30 days. Financial terms were not disclosed.
The stores, which average approximately 52,000 square feet in size, are located in North Richland Hills, Grand Prairie, Fort Worth, Hurst, Arlington, The Colony and Mesquite, all parts of what is called the Dallas Metroplex.
All of the stores will become part of Kroger's Southwest division, which currently operates 208 stores in Texas and Louisiana.
“The purchase of these . . . stores . . . is part of the Kroger expansion plan for 2002,” said Bob Zincke, president of the Southwest division. “Kroger has already opened two new 'Signature'stores in the Dallas Metroplex this year, and we plan to open three additional stores before 2003.”