Bi-Lo Completes 246 Million Dollar Deal with Delhaize


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Mon. June 2nd, 2014 - by Jordan Okumura-Wright

<p>Bi-Lo Holdings has completed its <B>$246 million deal to acquire 163 grocery stores</b> from Delhaize America.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The grocery chains included in the deal are Sweetbay, Harveys, and Reid’s. The Sweetbay stores will be converted into Winn-Dixies, Reids into Bi-Los, while most Harveys will continue operating under their current banner. Most of the conversions are already complete, said Brian Wright, Bi-Lo spokesman, according to The Florida Times Union.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Under the deal approved by federal regulators, Bi-Lo Holdings agreed last February that it would <B>divest twelve of its supermarket chains</b>, which include Bi-Lo and Winn Dixie, to Rowes IGA Supermarkets, HAC, Inc., W. Lee Flowers &amp; Co., and Food Giant.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Meanwhile, Delhaize has also completed the sale of its former Sweetbay distribution center in Plant City, Florida to C&amp;S Wholesale Grocers for <B>$28 million</b>, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Bi-Lo is currently in plans to <B>close up to thirteen stores</b> – eight of them Delhaize stores, five of them Bi-Lo stores – now that the deal is complete, due their proximity to other stores, according to Jacksonville Business Journal.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Congrats on completing this successful deal, Bi-Lo and Delhaize.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.delhaizegroup.com/en/Home.aspx" target="_new"> Delhaize </a><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.biloholdings.com/Pages/Home.aspx" target="_new"> Bi-Lo Holdings </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">