Published Feb. 26, 2014
Three of the stores are part of the Reid’s supermarket chain, which Bi-Lo Holdings acquired from Delhaize America, a unit of Belgium-based Delhaize Group. The fourth store is under the Bi-Lo brand.
The three Reid’s stores, located in Cayce, Orangeburg and Walterboro, are scheduled to close May 31, the company said. A Bi-Lo store in Aiken is set to close July 12.
The stores are being shuttered because they’re close to other Bi-Lo or Winn-Dixie stores in their communities, the company said.
Overall, the company said it was closing eight stores acquired from Delhaize America and five Bi-Lo stores in Florida, Georgia and South Carolina.
On Tuesday, Bi-Lo Holdings and Delhaize Group announced they had received approval from the Federal Trade Commission to proceed with a transaction in which Bi-Lo will acquire 155 stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.
Bi-Lo Holdings agreed to divest 12 Delhaize America stores in the Southeast, and Delhaize agreed to retain two additional stores and convert them to the Food Lion banner.
“Given the number of stores we are acquiring, we anticipated that we may be asked by the FTC to divest some stores to close the deal,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings. “In addition, with the close proximity of some of the Bi-Lo Holdings and Delhaize stores, we also knew that we would have to close a few stores as part of the acquisition.”