Belgian-based Delhaize said it intends to integrate Bi-Lo’s shops into its Food Lion chain.
From TheState.com (October 5, 2009)
South Carolina’s Midlands’ two dominant grocery chains appear headed for a merger.
Food Lion parent Delhaize Group said today it’s in talks to buy shops and inventory worth $425 million from Mauldin-based Bi-Lo, which sought bankruptcy protection earlier this year.
Delhaize said it was in non-binding talks to acquire “a substantial majority” of Bi-Lo’s assets that had revenue of over $2 billion last year.
Both chains have the largest number of stores in the Midlands.
See the full article in thestate.com: http://www.thestate.com/breaking/story/971791.html