Ahold Delhaize announces U.S. brand Food Lion has agreed to acquire 62 stores from Southeastern Grocers
03 Juni 2020 - 3:12PM
Ahold Delhaize announces U.S. brand Food Lion has agreed to acquire
62 stores from Southeastern Grocers
Zaandam, the Netherlands, June 3, 2020 – Ahold Delhaize
announces today that Food Lion, its second largest brand in the
United States, by sales, has agreed to
purchase 62 BI-LO and Harveys Supermarkets from
Southeastern Grocers. The stores are located in North Carolina,
South Carolina and Georgia and will be converted to Food Lion
stores, as part of the brand's continued expansion in the southeast
of the U.S.
Food Lion, based in Salisbury, N.C., operates more than 1,000
stores in 10 Southeastern and Mid-Atlantic states and employs more
than 77,000 associates. As part of the asset deal Food Lion expects
to hire more than 4,650 associates to serve customers at the 62
acquired stores.
This asset deal with Southeastern Grocers also includes the
acquisition of an additional distribution center in Mauldin, S.C.
Both acquisitions are currently expected to close in the first half
of 2021, subject to customary closing conditions. Financial terms
of the deal were not disclosed and Group financial guidance remains
unchanged.
Cautionary noticeThis communication includes
forward-looking statements. All statements other than statements of
historical facts may be forward-looking statements. Words such as
agreed to, continued, expected, by, first half of 2021, subject to,
guidance, remains or other similar words or expressions are
typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties
and other factors that are difficult to predict and that may cause
actual results of Koninklijke Ahold Delhaize N.V. (the “Company”)
to differ materially from future results expressed or implied by
such forward-looking statements. Such factors include, but are not
limited to, the risk factors set forth in the Company’s public
filings and other disclosures. Forward-looking statements reflect
the current views of the Company’s management and assumptions based
on information currently available to the Company’s management.
Forward-looking statements speak only as of the date they are made
and the Company does not assume any obligation to update such
statements, except as required by law.
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