Sweetbay, Harveys and Reids chains have been bought by Bi-Lo Holdings

Sweetbay, Harvey's and Reid's chains have been bought by Bi-Lo Holdings

US grocer Bi-Lo Holdings is to close 13 stores following the regulatory approval of the acquisition of three US chains from Belgium-based retailer Delhaize Group.

The US Federal Trade Commission has given the go-ahead to Bi-Lo to buy Delhaize's Sweetbay, Harveys and Reid's chains after agreements with the two retailers. Bi-Lo is to sell 12 of the stores and Delhaize said it would keep two of the outlets.

However, Bi-Lo has since said it has made the "difficult but necessary decision" to close eight of the acquired Delhaize outlets and five existing Bi-Lo stores "due to close geographical proximity".

Bi-Lo said: "Given the number of stores we are acquiring, we anticipated that we may be asked by the FTC to divest some stores to close the deal. In addition, with the close proximity of some of the Bi-Lo Holdings and Delhaize stores, we also knew that we would have to close a few stores as part of the acquisition," Bi-Lo president and CEO Randall Onstead said.

Eight stores in Florida - three Sweetbay, two Harveys and three of Bi-Lo's Winn-Dixie outlets - will close. Three Reid's and one Bi-Lo in South Carolina will shut. A Winn-Dixie outlet in Georgia will also close. The stores will shut between March and July.

"We appreciate the many contributions our associates in these stores have made, and we will ensure they are treated respectfully and have the opportunity to pursue other open positions in nearby stores."

In May 2013, Bi-Lo originally announced its intent to acquire 155 operating Sweetbay, Harveys and Reid's supermarket chains from Delhaize. In October, Bi-Lo said it would keep the Harveys banner but discard Sweetbay and Reid's once the deal closes. Both sides now expect the transaction to be completed in May, with Bi-Lo operating 134 of Delhaize's 155 stores.

Show the press release

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Bi-Lo Holdings, LLC, parent company of BI-LO and Winn-Dixie supermarket chains, today announced the difficult but necessary decision to close eight of the acquired Delhaize America (Euronext Brussels: DELB – NYSE: DEG) and five Bi-Lo Holdings stores due to close geographic proximity. Earlier today both companies announced that they have received approval from the Federal Trade Commission (FTC) to proceed with the transaction to acquire the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize Group pending the divestiture of 12 stores by Bi-Lo Holdings and Delhaize Group retaining two stores and converting them to the Food Lion banner. The FTC’s approval is 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 appreciate the many contributions our associates in these stores have made, and we will ensure they are treated respectfully and have the opportunity to pursue other open positions in nearby stores.”

“Given the number of stores we are acquiring, we anticipated that we may be asked by the FTC to divest some stores to close the deal. In addition, with the close proximity of some of the Bi-Lo Holdings and Delhaize stores, we also knew that we would have to close a few stores as part of the acquisition,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings. “We appreciate the many contributions our associates in these stores have made, and we will ensure they are treated respectfully and have the opportunity to pursue other open positions in nearby stores.”

The stores planned for closure are as follows:

Store Location *Closure Date Sweetbay #1906 Naples, Fla. March 22, 2014 Sweetbay #1798 Dade City, Fla. April 5, 2014 Sweetbay #1872 Zephyrhills, Fla. April 5, 2014 Harveys #2360 Green Cove Springs, Fla. May 3, 2014 Harveys #2364 Tallahassee, Fla. May 3, 2014 Reid's #1507 Walterboro, S.C. May 31, 2014 Reid's #2158 Cayce, S.C. May 31, 2014 Reid's #2612 Orangeburg, S.C. May 31, 2014 Winn-Dixie #699 St. Petersburg, Fla. May 10, 2014 Winn-Dixie #624 Tarpon Springs, Fla. May 17, 2014 Winn-Dixie #647 Seffner, Fla. May 24, 2014 Winn-Dixie #101 Moultrie, Ga. June 14, 2014 BI-LO #5423 Aiken, S.C. July 12, 2014 *Sorted by banner

In May 2013, Bi-Lo Holdings originally announced its intent to acquire 155 operating Sweetbay, Harveys and Reid’s supermarket chains from Delhaize Group. At the close of the transaction, Bi-Lo Holdings will operate 134 of the stores.

Original source: Bi-Lo Holdings