Bi-Lo to buy 165 stores from Delhaize for $265 million

Deal includes Sweetbay, Harveys, Reid's chains

JACKSONVILLE, Fla. — The parent company of the Bi-Lo and Winn-Dixie supermarket chains will buy three chains from Belgium-based Delhaize Group.

Bi-Lo Holdings said it would acquire the Sweetbay, Harveys and Reid's chains from Delhaize for $265 million. The deal includes 72 Sweetbay stores, leases for 10 prior Sweetbay locations, 72 Harveys stores and 11 Reid's stores, for a total of 165 stores and 10,000 employees throughout the Southeast. Bi-Lo Holdings already operates 686 stores, 482 of which have pharmacies, throughout the southeast.

"Sweetbay, Harveys and Reid's are well-recognized and trusted businesses that share our passion for exceptional service," Bi-Lo Holdings president and CEO Randall Onstead said. "We look forward to welcoming the outstanding associates of all three chains to the Bi-Lo Winn-Dixie family."


Login or Register to post a comment.