Ahold Delhaize: Food Lion Buys 62 US Stores From Southeastern Grocers
June 03 2020 - 10:12AM
Dow Jones News
By Anthony O. Goriainoff
Koninklijke Ahold Delhaize NV said on Wednesday that its Food
Lion brand was buying 62 BI-LO and Harveys Supermarket stores from
Southeastern Grocers for an undisclosed amount.
The Netherlands-based owner of grocery chains such as Stop &
Shop and Giant Food said that the stores were located in North
Carolina, South Carolina, and Georgia, and they will be converted
to Food Lion stores as part of the brand's continued expansion in
the southeast of the U.S.
The company said Food Lion--which is based in North Carolina and
is part of Ahold Delhaize USA--expects to hire over 4,650 employees
at the acquired stores, and that as part of the deal it will also
acquire a distribution center in Mauldin, South Carolina.
The company added the stores will continue to operate as BI-LO
and Harveys Supermarket until the transaction is complete, and that
the acquisitions are expected to close in the first half of
2021.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 03, 2020 09:57 ET (13:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.