Grocery Outlet closes $62M acquisition of United Grocery Outlet; adds 40 stores

Grocery Outlet Holding Corp.

Acquired United Grocery Outlet for ~$62M in cash, subject to post-closing adjustments.
Adds 40 stores and a distribution center across TN, NC, GA, AL, KY, and VA.
CEO RJ Sheedy notes strong track record and immediate scale for Southeast expansion.
Expands Grocery Outlet's footprint into new adjacent markets; deal previously announced.

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