SALISBURY, N.C. -- Food Lion here said it has signed an agreement to purchase the assets of Food Fair of North Carolina, an 11-store chain based in Winston-Salem, N.C.
The transaction, which will be finalized in March, represents the chain's first major acquisition since 1984, when it purchased 23 supermarkets from Giant Markets, Kingsport, Tenn.
Food Fair's annual sales exceed $73 million. The value of the transaction wasn't disclosed.
The transaction includes the 11 stores, their ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In