Wednesday November 11, 2020
The anticipation has remained high since Ahold Delhaize’s own Food Lion announced that it would acquire 62 BI-LO and Harveys supermarkets from Southeastern Grocers. Food Lion recently drew attention to the fact that it is one step closer to closing the deal as the US Federal Trade Commission granted the early termination of the waiting period, which fulfills one of the terms of the deal for doing business in Georgia, North Carolina. and South Carolina. When the acquisition becomes a reality, Food Lion is Looking for more than 4,650 qualified employees to man the new shops.
“We are excited to add these new locations to our 630+ existing Georgia and Carolinas stores,” said President Meg Ham. “Providing our neighbors with fresh, quality products at affordable prices is the core of what we do. We look forward to These stores will open early next year and to welcome our neighbors in these cities to their new Food Lion. “
The branches will remain open as BI-LO and Harveys Supermarket until the transaction is completed. This is expected to take place over a staggered period from January to April 2021 until the usual closing requirements are in place. Food Lion plans to operate all business under the Food Lion banner, as stated in a press release.
This acquisition just won’t Expand Food Lion’s customer baseBut it will allow the retailer to expand their philanthropic endeavors as well. This year, in response to unprecedented need from the COVID-19 coronavirus pandemic, Food Lion made its largest one-time famine relief gift in its history, donating more than $ 3.1 million to its food bank partners and medical research to support. The company donated more than 123 million meals through various efforts.
“At Food Lion, we care for families and communities. We know our neighbors are counting on us more than ever, and we pride ourselves on standing alongside our partners in the food bank and doing our part to bring food and hope to families in need, “said Ham.
What next steps is the retailer taking to complete this lucrative acquisition? Deli Market News will keep you informed of the latest updates.