The company, which is a division of Ahold Delhaize USA, has agreed to buy 62 Bi-Lo and Harveys Supermarkets stores.
Of the 62 stores, 46 of them Bi-Lo stores and the remaining 16 are Harveys Supermarkets and the stores locations are situated across North Carolina, South Carolina and Georgia.
“The company has made the strategic decision to no longer operate stores under the Bi-Lo banner to allow for greater investment in growing the Fresco y Más, Harveys Supermarket and Winn-Dixie banners,” stated Southeastern, which also said it exploring strategic options for the remaining Bi-Lo stores, including other potential transactions.
The 62 stores in questions will remain open until the transaction is completed, which is expected to take place over a staggered period from January to April 2021.
