As of Thursday, May 30, 2013
© Copyright 2013
ALBANY, Ga. — Supermarket giant Bi-Lo has entered into an agreement with the parent company of Harvey’s Supermarkets to buy the chain along with three other brands.
Bi-Lo Holdings, the parent of the Bi-Lo and Winn Dixie supermarket brands, has worked out an agreement with the Delhaize Group to buy most of its Harvey’s, Sweetbay and Reids Supermarkets for $265 million.
“We are pleased to announce this transaction, which will build on the strength of our BI-LO and Winn-Dixie stores and allow us to extend our great products at great value to a broader customer base,” said Randall Onstead, president and CEO of Bi-Lo Holdings. “Sweetbay, Harveys and Reid’s are well recognized and trusted businesses that share our passion for exceptional service. We look forward to welcoming the outstanding associates of all three chains to the BI-LO Winn-Dixie family.”
The deal would move 172 stores under Bi-Lo’s control, including 75 Harvey’s Supermarkets. All of the stores will continue to operate as independent entities under the Bi-Lo umbrella. The deal is expected to close later in 2013 once it passes anti-trust scrutiny.
Before the sale, Bi-Lo was the ninth-largest supermarket chain in the U.S, operating 686 stores and employing more than 60,000 associates.