Food Lion, based in Salisbury, N.C and a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize, has agreed to purchase 62 BI-LO and Harveys Supermarkets from Southeastern Grocers.
The stores are located in North Carolina, South Carolina and Georgia and will be converted to Food Lion stores, as part of the brand’s continued expansion in the southeast of the U.S.
The company operates more than 1,000 stores in 10 Southeastern and Mid-Atlantic states and employs more than 77,000 associates. As part of the asset deal Food Lion expects to hire more than 4,650 associates to serve customers at the 62 acquired stores.
This asset deal with Southeastern Grocers also includes the acquisition of an additional distribution center in Mauldin, S.C. Both acquisitions are currently expected to close in the first half of 2021, subject to customary closing conditions. Financial terms of the deal were not disclosed.
“We are so excited to add these new locations to our more than 630 stores across Georgia and the Carolinas,” said Food Lion President Meg Ham. “We’ve been serving customers in these larger regions for almost 60 years. We’re thrilled to add these locations and serve even more towns and cities across these three states with fresh, quality products at affordable prices every day with the caring, friendly service customers expect from their local Food Lion.”