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Food Lion has received early termination of the HSR waiting period to acquire 62 stores from Southeastern Grocers

Ahold Delhaize
·2-min read

Zaandam, the Netherlands, November 10, 2020 – Ahold Delhaize announces today that Food Lion, its leading brand in the southeastern United States, has made a major step forward today to expand its store network through previously announced plans to purchase 62 BI-LO/Harveys Supermarket stores from Southeastern Grocers. The U.S. Federal Trade Commission has granted Food Lion early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 which satisfies one of the conditions of closing the transaction of the purchase of these stores in North Carolina, South Carolina, and Georgia. The 62 stores will be converted to Food Lion stores, as part of the brand's continued expansion in the southeast of the U.S., and Food Lion expects to hire more than 4,650 associates to serve customers at the stores. This asset deal with Southeastern Grocers, which was announced on June 3, 2020, also includes the acquisition of an additional distribution center in Mauldin, S.C. Both acquisitions are currently expected to be completed during the first half of 2021, subject to customary closing conditions. Financial terms of the deal were not disclosed and Group financial guidance remains unchanged.

Cautionary notice

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as to, will, continued, expect(s)/(ed) to, first half of 2021, subject to, conditions or remains, or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law