Bi-Lo Holdings and Delhaize Group Receive U.S. FTC Clearance for Proposed Merger
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Bi-Lo Holdings, LLC and Delhaize Group (Euronext Brussels: DELB) (NYSE: DEG) today announced they have received approval from the Federal Trade Commission (FTC) to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize. Bi-Lo Holdings agreed to divest 12 Delhaize America stores in the states of Fla., Ga., and S.C., and Delhaize Group has agreed to retain two additional stores and convert them to the Food Lion banner, pursuant to a consent order accepted by the FTC for public comment on February 25, 2014. The order is subject to final approval by the FTC after the close of a 30-day comment period.
“We would like to thank the associates of Sweetbay, Harveys, and Reid´s for their outstanding accomplishments”
“We have been preparing for the integration of the Sweetbay, Harveys and Reid’s banners and store associates for many months and are delighted to now move forward and welcome them to the Bi-Lo Holdings family,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings.
“We would like to thank the associates of Sweetbay, Harveys, and Reid´s for their outstanding accomplishments,” said Delhaize Group CEO Frans Mueller. “As we complete the transition process, we share our deepest appreciation for their many contributions and service to our customers during their tenure with our company."
The 12 divested stores and their respective buyers, the two Delhaize America retained stores, and the anticipated transition dates for each store are as follows:
|Store||Location||Buyer||Banner||*Deal Closing Dates|
|Sweetbay #1883||Arcadia, Fla.||Rowe’s IGA X, LLC||Rowe’s IGA||March 22, 2014|
|Sweetbay #1791||Wauchula, Fla.||Rowe’s IGA VIII, LLC||Rowe’s IGA||March 29, 2014|
|Sweetbay #1879||Lake Placid, Fla.||Rowe’s IGA VII, LLC||Rowe’s IGA||April 5, 2014|
|Sweetbay #1795||Dunnellon, Fla.||Rowe’s IGA IX, LLC||Rowe’s IGA||April 12, 2014|
|Harveys #2374||Statesboro, Ga.||Homeland||Food World||May 3, 2014|
|Harveys #2375||Statesboro, Ga.||Homeland||Food World||May 3, 2014|
|Harveys #2336||Vidalia, Ga.||Homeland||Food World||May 3, 2014|
|Harveys #2378||Bainbridge, Ga.||Food Giant Supermarkets, Inc.||Food Giant||May 10, 2014|
|Harveys #2379||Madison, Fla.||Food Giant Supermarkets, Inc.||Food Giant||May 10, 2014|
|Harveys #2349||Waynesboro, Ga.||W. Lee Flowers and Company, Inc.||KJ’s Market IGA||May 10, 2014|
|Harveys #2370||Sylvania, Ga.||W. Lee Flowers and Company, Inc.||KJ’s Market IGA||May 17, 2014|
|Reid's #442||Batesburg, S.C.||W. Lee Flowers and Company, Inc.||KJ’s Market IGA||May 31, 2014|
|Reid’s #2167||Hampton, S.C.||Retained by Delhaize Group||Food Lion||N/A|
|Harveys #2398||Americus, Ga.||Retained by Delhaize Group||Food Lion||N/A|
*Sorted by buyer
In addition to the sale of the 12 store leases and related assets, the buyers of the 12 stores will provide each store employee the opportunity to interview for continued employment.
Bi-Lo Holdings and Delhaize Group anticipate that the acquisition of the Sweetbay, Harveys and Reid’s supermarkets will begin on March 22, 2014 and be complete on May 31, 2014, subject to the satisfaction of remaining closing conditions.
About Bi-Lo Holdings
Bi-Lo Holdings, LLC, the parent company of BI-LO and Winn-Dixie grocery stores, is the ninth-largest traditional supermarket chain in the United States. The company employs nearly 60,000 associates who serve customers in 697 grocery stores and 482 in-store pharmacies throughout the eight southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. BI-LO and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and loyal associates, and strong commitments to providing the best possible quality and value to customers. For more information, please visit www.bi-lo.com and www.winn-dixie.com.
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