BI-LO, announced that it has successfully completed its merger with Winn-Dixie following approval of the transaction by Winn-Dixie shareholders on March 9, 2012.
As a result of the merger, 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 United States with 688 grocery stores and 63,000 team members in eight states throughout the southeast. BI-LO and Winn-Dixie will continue to operate under the same banners that their customers have come to trust. The company does not expect any store closures as a result of this combination.
“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, the parent company of BI-LO and Winn-Dixie. “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.”
The company will eventually be headquartered in Jacksonville, which is centrally located within its eight-state operating area. While both companies enjoy a strong heritage of support from their local communities, the Jacksonville -based infrastructure is best positioned to host the combined BI-LO and Winn-Dixie support center, corporate office and distribution facilities. At the same time, the company plans to maintain a strong regional presence in Greenville both in regard to distribution and local store support needs.
On December 19, 2011, BI-LO and Winn-Dixie announced that the companies had entered into a definitive agreement under which BI-LO would acquire all of the outstanding shares of Winn-Dixie stock at a price of $9.50 per share. As a result of the completion of the merger, Winn-Dixie’s common stock has been delisted from NASDAQ.