BARNWELL, S.C. — Bi-Lo Holdings LLC, the parent company of the Bi-Lo and Winn-Dixie grocery store chains, has agreed to buy the Reid’s, Sweetbay and Harveys supermarket stores from Delhaize Group for $265 million in cash.
There are more than 800 employees working in the Reid’s stores, officials say. Those stores are in Aiken, Langley, New Ellenton, Barnwell, Batesburg, Cayce, Hampton, Orangeburg, Saluda, St. George and Walterboro.
Reid’s employees learned of the planned purchase Tuesday.
Reid’s founder and director, Reid Boylston, said he was “excited” about the deal.
“I feel like this means new opportunities for Reid’s,” said Boylston, whose “home” store is in Barnwell.
Boylston said he opened the Barnwell store in 1972. In 1998, Delhaize bought the store and expanded the chain to its current status of 11 South Carolina stores associated with Food Lion.
The transaction is expected to close in the fourth quarter of 2013.
“Until the transactions are complete, Sweetbay, Harveys and Reid’s will continue to operate independently from Bi-Lo Holdings and its subsidiaries,” the release said.