Bi-Lo Holding, which operates Bi-Lo and Winn-Dixie supermarket chains in eight southern states, announced yesterday that it has agreed to acquire Sweetbay, Harveys and Reid's stores from Delhaize for $265 million. Delhaize owns Food Lion and Bottom Dollar Food, among others.
According to a Supermarket News report, there are 165 stores included in the transaction that generated revenues of about $1.8 billion last year. The same report claims that Sweetbay currently has 72 stores in Florida, Harveys has 72 stores in Georgia and Florida, and Reid's has 11 stores in California. (72+72+11=155.)
The sale is expected to close later this year, pending regulatory approval.