Recently, two Piggly Wiggly® independent store Owners entered an agreement to acquire two BI-LO stores from Southeastern Grocers. With the support of C&S Wholesale Grocers, the two Piggly Wiggly store Owners acquired a BI-LO location in Georgia and South Carolina each.
“Our independent Owners are excited to grow their existing store footprint and expand the Piggly Wiggly brand in the Southeast,” said John Owens, Vice President and Southeast General Manager for C&S Wholesale Grocers. “We look forward to serving our new customers with the high-quality products and exceptional service that Piggly Wiggly stores are known for.”
Southeastern Grocers announced a strategic plan to divest the BI-LO banner back in June, kicking off a series of transactions for Southeastern Grocers.
The BI-LO store in Georgia, located at 1042 US-80 West, Pooler, Georgia, is being purchased by Missy and Ashley Thompson, who own four Piggly Wiggly stores in Southeast Georgia. In Lexington, South Carolina, the BI-LO store located at 760 US-378 is being purchased by a new Piggly Wiggly Owner Charles Starbuck. With the addition of the two new stores, C&S Wholesale Grocers will now service 55 Piggly Wiggly locations within South Carolina and Southeast Georgia.
Both transactions are expected to close in mid-January, and the acquired stores will be rebranded under the Piggly Wiggly name. The transactions are subject to the satisfaction of customary closing conditions, the release continues.
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