K-VA-T to acquire 29 BI-LO stores located in Chattanooga, Tennessee and Northwest Georgia from Southeastern Grocers

ABINGDON, Va. And JACKSONVILLE, Fla., 2015-7-24 — /EPR Retail News/ — K-VA-T Food Stores Inc. and Southeastern Grocers, LLC today announced that they have entered into an agreement under which K-VA-T will acquire 29 BI-LO stores located in Chattanooga, Tennessee and Northwest Georgia from Southeastern Grocers. K-VA-T intends to continue to operate all of these stores under the Food City banner and hire the vast majority of their store associates, retaining their years of service.

“We are extremely excited to have this opportunity to expand our operation into the Chattanooga and Northwest Georgia markets. We certainly look forward to welcoming the BI-LO associates to our Food City family and serving the region,” says Steven C. Smith, Food City president and chief executive officer. “Our consumers can rest assured that we plan to complete the conversion process as quickly as possible, with the least interruption to the normal flow of business. It’s our intention to enhance the overall variety and selection and further develop the services and conveniences provided to our shoppers.”

“We are pleased to enter into this transaction with K-VA-T, which we believe is the right decision not only for Southeastern Grocers, but also for our stores and associates in Chattanooga and Northwest Georgia,” said Ian McLeod, president and CEO of Southeastern Grocers. “This was not an easy decision for us, as we have the utmost respect for our associates who serve our customers in these stores so well. In the approach by K-VA-T, we believe we have identified a strong partner to ensure these 29 stores and our associates are positioned for continued success under another reputable regional brand. On behalf of the management team, I want to thank all of our hardworking BI-LO associates for their dedication and support over many years.”

The 29 transferring stores are as follows:

Store No. Street City State Zip
5415 417 Blue Ridge St Ste D BLAIRSVILLE GA 30512
5430 502 G.I. Maddox Parkway CHATSWORTH GA 30705
5639 1287 Cleveland Hwy. DALTON GA 30720
5349 531 Battlefield Pkwy. FORT OGLETHORPE GA 30742
5352 311 North Main St. LAFAYETTE GA 30728
5406 319 Chickamauga Avenue ROSSVILLE GA 30741
5617 820 Mission Ridge Rd. ROSSVILLE GA 30741
5333 112 Crimson Drive TRENTON GA 30752
5301 7804 E. Brainerd Rd. CHATTANOOGA TN 37421
5305 1600 E. 23rd St. CHATTANOOGA TN 37403
5315 703 Signal Mountain Road CHATTANOOGA TN 37405
5326 3600 Hixson Pike CHATTANOOGA TN 37415
5335 6951 Lee Highway CHATTANOOGA TN 37421
5359 4011 Brainerd Rd. CHATTANOOGA TN 37411
5606 4510 Highway 58 CHATTANOOGA TN 37416
5714 3801 Tennessee Ave. CHATTANOOGA TN 37409
5343 2310 McGrady Drive CLEVELAND TN 37323
5412 255 Ocoee Crossing NW CLEVELAND TN 37312
5324 420 Market Street DAYTON TN 37321
5510 3715 Ringgold Rd. EAST RIDGE TN 37412
5614 6723 Ringgold Rd. EAST RIDGE TN 37412
5347 841 U.S. 411 North ETOWAH TN 37331
5715 8634 Highway 58 HARRISON TN 37341
5703 5604 Hixson Pike HIXSON TN 37343
5713 8530 Hixson Pike HIXSON TN 37343
5373 9213 Lee Highway OOLTEWAH TN 37363
5673 1667 Ooltewah-Ringgold Road OOLTEWAH TN 37363
5427 3901 Dayton Blvd RED BANK TN 37415
5538 10161 Old Dayton Pike SODDY DAISY TN 37379

 

Southeastern Grocers and K-VA-T anticipate that the transfer and handoff dates of the 29 BI-LO stores will begin August 30, 2015, with all stores fully transitioned by October 5, 2015, subject to the satisfaction of customary closing conditions.

About K-VA-T Food Stores Inc. 

K-VA-T Food Stores, Inc. is the corporate banner of a supermarket chain operating in three states under the Food City banner.  This privately held, family-owned company has grown over the years by expansion and acquisition.  With 15 units in Southeastern Kentucky, 27 units in Southwest Virginia and 62 units in East Tennessee, K-VA-T is an acronym of its trade area:  Kentucky, Virginia and Tennessee. The 104-store chain includes 93 Food City locations (with 79 pharmacies and 84 fuel/convenience stores), ten Super Dollar Discount Foods limited assortment stores and one wine & spirits store.  They also operate their own 1.2 million square-foot distribution center, located in Abingdon, VA.  For more information about K-VA-T Food Stores, please visit www.foodcity.com.

About Southeastern Grocers

Southeastern Grocers, LLC, parent company and home of BI-LO, Harveys and Winn-Dixie grocery stores, is the fifth-largest conventional supermarket chain in the U.S. and the second-largest conventional supermarket in the southeast based on store count. The company employs nearly 72,000 associates who serve customers in approximately 790 grocery stores, 143 liquor stores and 527 in-store pharmacies throughout the eight southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. BI-LO, Harveys and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and loyal associates, and strong commitments to providing the best possible quality and value to customers. For more information, please visit www.bi-lo.com, www.harveyssupermarkets.com and www.winndixie.com.

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Contacts:

Food City
Tammy Baumgardner
276-623-5100, ext. 5734
baumgardnert@foodcity.com

Southeastern Grocers
Brian Wright
904-370-6104
BrianWright@segrocers.com