BI-LO announced Monday that it has successfully completed its merger with Winn-Dixie and will eventually relocate its corporate offices from the Upstate to Jacksonville, FL.
The announcement follows approval of the transaction by Winn-Dixie shareholders Friday. BI-LO purchased Winn-Dixie Stores, Inc. on Dec. 19, 2011 buying all of the outstanding shares of Winn-Dixie stock at a price of $9.50 per share.
BI-LO and Winn-Dixie are now subsidiaries of the privately held parent company,BI-LO Holding, which is the ninth-largest supermarket chain in the country. The company has 688 grocery stores and 63,000 team members in eight states throughout the southeast.
Following the merger, BI-LO said it will relocate to Jacksonville because it is centrally located within its operating area. The eventual move will host the combined BI-LO and Winn-Dixie support center, corporate office and distribution facilities.
Currently based in the Greenville area, BI-LO said it plans to maintain a strong regional presence in the Upstate with regard to distribution and local store support needs.
"With the merger of BI-LO and Winn-Dixie now complete, we can begin delivering on this exciting combination for the benefit of our customers, team members and communities," said Randall Onstead, CEO and President of BI-LO Holding. "Together, we are a stronger company that will be focused on meeting and exceeding our customers' expectations by offering even greater value with the service and shopping experience that they have come to expect."
Following BI-LO's acquisition of Winn-Dixie in December, the company said they paid a total of $560 million in the deal.
Currently, BI-LO runs 207 supermarkets in North Carolina, South Carolina, Georgia and Tennessee.
Winn-Dixie runs about 480 grocery stores, including approximately 380 in-store pharmacies, in Florida, Alabama, Louisiana, Georgia and Mississippi. It has about 46,000 employees.
In December, the companies said that no store closings were expected and the name Winn-Dixie will remain.
There is no word yet if there will be any layoffs in the Greenville-area with the company's planned move to Jacksonville.
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Wednesday, May 22 2013 6:21 PM EDT2013-05-22 22:21:12 GMT
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