BJ’s Wholesale Club set to Acquire the Assets and Operations of Four Refrigerated Distribution Centers from Burris Logistics, BJ’s Long-Time Distribution Partner
January 25 2022 - 8:00AM
Business Wire
Move will bring BJ’s end-to-end perishable
supply chain in-house
BJ's Wholesale Club (NYSE: BJ), a leading operator of membership
warehouse clubs in the Eastern United States, today announced that
it has entered into an agreement to acquire the assets and
operations of four distribution centers and the related private
transportation fleet from longtime partner Burris Logistics. The
transaction will allow BJ’s to insource its perishable supply
chain. The terms of the transaction were not disclosed.
“For more than 20 years, we have enjoyed a true partnership with
the Burris Logistics team as we distribute the freshest perishable
products to clubs throughout our chain. As we continue to
accelerate our new club growth, broaden our footprint, and expand
our fresh food offerings, we are excited to insource these
capabilities to support our future growth,” said Bob Eddy,
president and chief executive officer, BJ’s Wholesale Club. “I want
to thank the entire Burris team for their partnership, and we look
forward to welcoming the Burris team members supporting the BJ’s
operations to our family.”
Burris Logistics is a 90-year-old family business that provides
temperature-controlled distribution and logistics services to
clients across the United States. For decades, Burris Logistics has
partnered with BJ’s to support the daily supply chain operations
for BJ’s perishable business.
“BJ’s has assembled a fantastic business and team. Burris
Logistics has been proud to partner with BJ’s on its growth and
transformation over the last several years,” said Donnie Burris,
chief executive officer, Burris Logistics. “This acquisition
represents the next chapter in Burris Logistics’ evolution and
presents amazing opportunities for both BJ’s and the team members
at these distribution centers. I am incredibly proud of what we
have created and extremely excited to see the future growth for all
involved.”
The proposed acquisition includes four perishable goods
distribution centers (Rocky Hill, CT; Orlando, FL; Elkton, MD;
Independence, KY), the personnel of these facilities, the
associated real property, and the capital assets necessary for
operations.
“We look forward to welcoming all of the talented Burris
Logistics team members who have supported our business to the BJ’s
supply chain team,” said Jeff Desroches, executive vice president
and chief operations officer, BJ’s Wholesale Club. “The addition of
these four facilities and the private fleet is part of a larger
strategy to expand and scale efficient supply chain capabilities,
positioning BJ’s for continued growth while delivering the best
quality and freshest products to our members.”
This acquisition, which has been unanimously approved by the
Boards of Directors of both companies, is subject to regulatory
approval and traditional closing processes and is expected to close
in the second quarter of 2022.
Goodwin Proctor served as legal advisor to BJ’s Wholesale Club.
Venable served as legal advisor to Burris Logistics and its
owners.
About BJ's Wholesale Club Holdings, Inc.
Headquartered in Westborough, Massachusetts, BJ's Wholesale Club
is a leading operator of membership warehouse clubs in the Eastern
United States. The company currently operates 225 clubs and 156
BJ's Gas® locations in 17 states.
The Company’s common stock is traded on the New York Stock
Exchange (NYSE: BJ).
About Burris Logistics
Established in 1925, Burris Logistics operates an expanding
network of temperature-controlled warehousing and distribution
centers from Maine to Florida and as far west as Oklahoma. This
fifth-generation family-owned enterprise provides leading-edge
logistics, transportation, and supply chain solutions, coast to
coast, through our Brands: Burris Logistics (E-commerce
fulfillment, distribution, warehousing, Honor Foods (a
redistributor of frozen, refrigerated and dry foodservice
products), and Trinity Logistics (a global freight solutions
provider). For more information about our trend-setting logistics
and deep-rooted values® please visit www.burrislogistics.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220125005360/en/
Media: Peter Frangie Vice President, Corporate
Communications pfrangie@bjs.com 201-230-8940
Kyle Byrnes Corporate Communications & Community Affairs
kbyrnes@bjs.com 860-874-4396
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