JACKSONVILLE, FL
BI-LO, LLC, has announced that it has completed its merger with Winn-Dixie Stores. Winn-Dixie stockholders will be entitled to $9.50 per share in cash for each share of common stock held, for a total purchase price of $560 million, according to a recent press release. BI-LO and Winn-Dixie are now subsidiaries of BI-LO Holding, the privately held parent company. BI-LO Holding is the ninth-largest supermarket chain in the nation boasting 688 stores with 63,000 team members over eight states in the Southeast.
Customers can expect BI-LO and Winn-Dixie to continue to operate under the same banners with no store closures in the foreseeable future. To centrally locate the recently merged family, the company will ultimately be headquartered in Jacksonville.
Randall Onstead, CEO and President of BI-LO Holding, the parent company of BI-LO and Winn-Dixie, stated, “With the merger of BI-LO and Winn-Dixie now complete, we can begin delivering on this exciting combination for the benefit of our customers, team members and communities.” He continues, “Together, we are a stronger company that will be focused on meeting and exceeding our customers’ expectations by offering even greater value with the service and shopping experience that they have come to expect.”
www.bi-lo.com
www.winndixie.com
