It recently entered into an agreement to be purchased by Kroger Co. operates in eight states primarily in the Southeastern and mid-Atlantic United States and the District of Columbia. We’re pleased that these transactions have taken shape.”īi-Lo Holdings is the parent company of the Bi-Lo and Winn-Dixie grocery store chains, with 686 grocery stores in eight Southeastern states. “This transaction strengthens our company a great deal. “We have no concern about bankruptcy in the future,” Ibsen said. The company is neither looking to sell any other stores at this time, nor is it facing bankruptcy, Ibsen said. George, although a specific number was not given at press time. Some of the remaining stores in the Charleston market will stay open, including in North Charleston, Hollywood, Moncks Corner, Summerville and St. Its other 30 stores will continue to operate through independently owned franchises. will own about 30 stores in South Carolina and coastal Georgia. After the acquisitions, Piggly Wiggly Carolina Co. Piggly Wiggly Carolina Co., a franchise of Piggly Wiggly, which is owned by Keene, N.H.-based C&S Wholesale Grocers, operates roughly 100 stores in South Carolina and Georgia. Bi-Lo’s acquisition is expected to close in the fourth quarter Harris Teeter’s transaction is expected to be completed in October. Piggly Wiggly, a private, employee-owned company, did not disclose financial terms of the transactions.
M&A activities are at unprecedented levels in our industry right now,” said Christopher Ibsen, Piggly Wiggly Carolina Co.’s corporate affairs director. “This really reflects that there’s been a dramatic acceleration of M&A activity in the grocery industry, particularly in the last eight to nine months. Twenty-two stores are being sold to Bi-Lo Holdings, 16 of which are in South Carolina, and seven stores are being sold to Harris Teeter Supermarkets Inc., one of which is still under construction on the Isle of Palms.
announced plans Thursday to sell 29 stores in total. Charleston-based Piggly Wiggly Carolina Co.
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