ALDI, the discount grocery store chain, has plans to build a new store in Van Buren.

According to Van Buren Planning Director Joe Hurst, the new ALDI grocery store will be located at the intersection of Highway 59 and Sandstone Drive near Walmart. A “lot split” with a church is in the process.

Mark Bersted, division vice president for ALDI Inc. said in an email Monday plans call for the new Van Buren store to be open in the fall.

“We look forward to bringing this community the highest-quality groceries at the lowest possible prices,” Bersted wrote.

He went on to say more details on a grand opening will be provided at a later date.

ALDI also has set a goal of opening 650 new stores across the United States by the end of 2018. The company has also announced investment of $1.6 billion to remodel and expand more than 1,300 U.S. stores by 2020. By the end of 2018, ALDI expects to operate nearly 2,000 stores and reach 45 million customers each month. ALDI was founded by the Albrecht family in Germany in 1961 and the company is now based in Batavia, Ill.

Its method of offering discounted prices includes “volume purchasing” where they focus on “the most commonly purchased grocery items” to allow for “sizable discounts.” ALDI also offers more than 90 percent “exclusive brand products” that have been “tested in the ALDI Test Kitchen” that is backed by a “double guarantee.” For those who are not 100 percent satisfied with a product, bring it back and ALDI will replace the product and refund the customer’s money.