US regional supermarket operators Bi-Lo and Harris Teeter have both struck deals to buy a network of Piggly Wiggly stores.
The deals, for an undisclosed sum, will see Winn-Dixie store operator Bi-Lo purchase 16 stores in South Carolina and six in Georgia from Piggly Wiggly Carolina Co. The transaction will include around 1,200 employees.
Go deeper with GlobalData
Harris Teeter will purchase seven stores: three in Charleston, two in Mount Pleasant, one on Kiawah Island and one of Isle of Palms. Harris Teeter is itself being acquired for more than US$2.44bn by Kroger, a deal struck in July.
“We look forward to welcoming these new associates to the Bi-Lo Holdings family and to building on the strength of these stores,” said Bi-Lo CEO Randall Onstead. “We will continue to fine-tune our company and network of stores so that we can reinvest in what matters most for our customers… the freshest foods, the best deals and really connecting to their neighborhoods.”
Harris Teeter CEO Thomas Dickson said the group plans to remodel and expand a number of the locations to create brand new Harris Teeter stores. “Charleston is a growing and vibrant market, and we look forward to continuing to expand our presence in the region.”
See Also:
The transaction is expected to close in October. Upon completion, the acquired stores will be rebranded under the Bi-Lo and Harris Teeter banners.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
