FTC clears Bi-Lo Holdings acquisition of all stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize Group

JACKSONVILLE, Fla., 2014-2-25 — /EPR Retail News/ — Bi-Lo Holdings, LLC  and Delhaize Group (Euronext Brussels: DELB – NYSE: DEG) today announced they have received approval from the Federal Trade Commission (FTC) to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.  Bi-Lo Holdings agreed to divest 12 Delhaize America stores in the states of Fla., Ga., and S.C., and Delhaize Group has agreed to retain two additional

stores and convert them to the Food Lion banner, pursuant to a consent order accepted by the FTC for public comment on February 25, 2014.  The order is subject to final approval by the FTC after the close of a 30-day comment period.

“We have been preparing for the integration of the Sweetbay, Harveys and Reid’s banners and store associates for many months and are delighted to now move forward and welcome them to the Bi-Lo Holdings family,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings.

“We would like to thank the associates of Sweetbay, Harveys, and Reid´s for their outstanding accomplishments,” said Delhaize Group CEO Frans Mueller. “As we complete the transition process, we share our deepest appreciation for their many contributions and service to our customers during their tenure with our company.”

The 12 divested stores and their respective buyers, the two Delhaize America retained stores, and the anticipated transition dates for each store are as follows:

Store Location Buyer Banner *Deal Closing Dates
Sweetbay #1883 Arcadia, Fla. Rowe’s IGA X, LLC Rowe’s IGA March 22, 2014
Sweetbay #1791 Wauchula, Fla. Rowe’s IGA VIII, LLC Rowe’s IGA March 29, 2014
Sweetbay #1879 Lake Placid, Fla. Rowe’s IGA VII, LLC Rowe’s IGA April  5, 2014
Sweetbay #1795 Dunnellon, Fla. Rowe’s IGA IX, LLC Rowe’s IGA April 12, 2014
Harveys #2374 Statesboro, Ga. Homeland Food World May 3, 2014
Harveys #2375 Statesboro, Ga. Homeland Food World May 3, 2014
Harveys #2336 Vidalia, Ga. Homeland Food World May 3, 2014
Harveys #2378 Bainbridge, Ga. Food Giant
Supermarkets, Inc.
Food Giant May 10, 2014
Harveys #2379 Madison, Fla. Food Giant
Supermarkets, Inc.
Food Giant May 10, 2014
Harveys #2349 Waynesboro, Ga. W. Lee Flowers and Company, Inc. KJ’s Market IGA May 10, 2014
Harveys #2370 Sylvania, Ga. W. Lee Flowers and Company, Inc. KJ’s Market IGA May 17, 2014
Reid’s #442 Batesburg, S.C. W. Lee Flowers and Company, Inc. KJ’s Market IGA May 31, 2014
Reid’s  #2167 Hampton, S.C. Retained by Delhaize Group Food Lion N/A
Harveys #2398 Americus, Ga. Retained by Delhaize Group Food Lion N/A

*Sorted by buyer

In addition to the sale of the 12 store leases and related assets, the buyers of the 12 stores will provide each store employee the opportunity to interview for continued employment.

Bi-Lo Holdings and Delhaize Group anticipate that the acquisition of the Sweetbay, Harvey’s and Reid’s supermarkets will begin on March 22, 2014 and be complete on May 31, 2014, subject to the satisfaction of remaining closing conditions.

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