Dallas — Lone Star Funds here said current market conditions have forced it to take the Bi-Lo chain, which it acquired from Ahold in 2005, off the market.
“There was a lot of interest in the company, but just based on marketplace conditions, a sale is not going to happen in the near future,” Ed Trissel, a spokesman for Lone Star, told SN. “We will focus on our strategic plan and company objectives.”
He said private equity firms have become less acquisitive recently because financing has ...
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.