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Publix Buying 7 Bi-Lo Stores
LAKELAND, Fla. — Publix Super Markets here on Friday said it has agreed to acquire seven Bi-Lo stores in the Charlotte, N.C., area, continuing a shake-up in the region.
September 13, 2013
2 Min Read
LAKELAND, Fla. — Publix Super Markets here on Friday said it has agreed to acquire seven Bi-Lo stores in the Charlotte, N.C., area, continuing a shake-up in the region. Financial terms were not disclosed.
The announcement came a day after Bi-Lo and Harris Teeter agreed to buy 28 Piggly Wiggly stores in South Carolina and Georgia from Piggly Wiggly Carolina.
Read more: Sale of Stores Boosts Piggly Wiggly Finances
Follow @SN_News for updates throughout the day.
“Publix has a strong financial foundation that allows us to aggressively grow throughout existing markets and our new Charlotte Division,” said Ed Crenshaw, chief executive officer, Publix, in a statement.
Randall Onstead, president and CEO of Bi-Lo Holdings, Jacksonville, Fla., said his company — which is also in the process of acquiring 165 stores from Delhaize Group — “will continue to fine-tune” its store network.
Publix said grand opening dates for the seven Bi-Lo stores locations will depend on the scope of the remodels.
William Blair acted as financial advisor to Bi-Lo Holdings. K&L Gates LLP and Driver, McAfee, Peek and Hawthorne L.P. are acting as legal advisors.
The Bi-Lo stores that Publix will acquire from Bi-Lo Holdings include:
8120 S. Tryon Street, Charlotte.
12810 York Road, Charlotte.
9815 Rose Commons Drive, Huntersville, N.C.
158 Hwy. 274, Lake Wylie, S.C.
Fincher Farm Rd, Matthews, N.C.
1735 Heckle Blvd., Rock Hill, S.C.
2186 Cherry Rd, Rock Hill, S.C.
Read more: Sale of Stores Boosts Piggly Wiggly Finances
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