Two Southeastern Grocers Stores Acquired by Piggly Wiggly® Independent Store Owners
JACKSONVILLE, FL - If your ears perk up at the news of retail acquisitions, then you’re in luck, as two Piggly Wiggly® independent store Owners recently entered an agreement with Southeastern Grocers for the acquisition of two BI-LO stores.
With the support of C&S Wholesale Grocers, the two Piggly Wiggly store Owners acquired one BI-LO location in Georgia and another in South Carolina.
“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.”
Back in June, the company announced a strategic plan to divest the BI-LO banner, 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. The other location, located at 760 US-378, Lexington, South Carolina, is being purchased by a new Piggly Wiggly Owner Charles Starbuck.
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.
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.
Whether it’s selling or purchasing, retailers are always coming up with strategic new plans to grow in new or existing markets, and we here at AndNowUKnow are excited to see how this will spark continuous growth for the grocers involved.