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Aiken, Orangeburg supermarkets to close in aftermath of buyout

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The Federal Trade Commission on Tuesday gave permission to Bi-Lo Holdings to acquire Harveys and Reid’s supermarkets from the owner of Food Lion. The buyout, though, will result in the closing of a BI-LO in Aiken and a Reid’s in Orangeburg.

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The deal will also result in the Harveys in Waynesboro being sold and rebranded as an IGA.

Jacksonville, Fla.-based Bi-Lo Holdings, the parent company of BI-LO and Winn-Dixie supermarkets, struck a deal with Delhaize America in May to buy 155 stores in the Sweetbay, Harveys and Reid’s chains for $265 million in cash. As part of the FTC’s consent order, Bi-Lo Holdings will divest a dozen of the stores and close a dozen others.

“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. 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,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings.

The BI-LO at 1149 York St. in Aiken will close on July 12. The Reid’s in Orangeburg will close on May 31.

“We appreciate the many contributions our associates in these stores have made, and we will ensure they are treated respectfully and have the opportunity to pursue other open positions in nearby stores,” Onstead said.

The Harveys stores in Waynesboro and Sylvania, Ga., and the Reid’s in Batesburg, S.C., will be divested as part of the deal, sold to W. Lee Flowers and Co. and rebranded as KJ’s Market IGA. That deal will close in May.

The order is subject to final approval by the FTC after the close of a 30-day comment period. The two companies anticipate the acquisition will begin on March 22 and be complete on May 31.

Comments (9) Add comment
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dichotomy
37336
Points
dichotomy 02/25/14 - 05:49 pm
4
0
When you see this much

When you see this much activity in grocery store ownership, the price of food....and the profit margin.....is going up.

dichotomy
37336
Points
dichotomy 02/25/14 - 05:51 pm
3
0
Sure hate to see Harvey's in

Sure hate to see Harvey's in Waynesboro change hands. They had somebody down there that made the best Italian Cream Cake.

nocnoc
49121
Points
nocnoc 02/25/14 - 06:38 pm
4
0
Why?

Why are the Fed's even in a position of authority to tell a Super Market to close?

Sweet son
11491
Points
Sweet son 02/25/14 - 06:41 pm
1
0
Didn't know.......

Reid was cooperate owned.

KSL
143264
Points
KSL 02/25/14 - 10:33 pm
1
1
Why do the Feds think they

Why do the Feds think they have the right to do 90% of what they do?

KSL
143264
Points
KSL 02/25/14 - 10:42 pm
1
1
Dichot,

Grocery stores do have one of the lowest industry wide profit margins.

KSL
143264
Points
KSL 02/25/14 - 10:51 pm
3
1
Ever think about the quality

Ever think about the quality of what our health care would be without the government insinuating itself into the insurance rules.And their deeper insinuation is going to lead to tragic horrors.

grinder48
2050
Points
grinder48 02/26/14 - 03:20 pm
0
0
nocnoc & KSL
Unpublished

'cause the govmint is the govmint, that's why! Why shouldn't the govmint tell us how many grocery store we should have, who should own those stores. After all, the stores are there to get rich taking ABT cards from people who don't work so they can have steak and lopster while a hard working smuck like me can only afford to eat baloney samages.

jimmymac
47303
Points
jimmymac 02/27/14 - 04:59 pm
0
0
JOBS
Unpublished

Too bad for those that may lose their jobs. Hopefully they'll get absorbed in other stores.

augusta citizen
10002
Points
augusta citizen 02/27/14 - 07:29 pm
0
0
Not the Bi-Lo fan I once was.

I am a BI-LO shopper, always have been. My BI-LO on Fury's Ferry recently underwent major renovations and it looks nice, though to me, it was fine before too. I still shop there some, but not exclusively like before. Their prices went up and it's hard to find things. It seemed that when the announcement was made that Whole Foods was coming to town, they had to change. One aisle is largely devoted to "New Age Beverages"! Really BI-LO?

Little Old Lady
8634
Points
Little Old Lady 02/28/14 - 08:48 am
0
0
What?

No more "We'll save you moneyyyyyyyyyy!

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