LAKELAND, Fla. – Publix Super Markets Inc. announced plans to buy seven BI-LO stores in the Charlotte region, including the one at 9815 Rose Commons Drive in Huntersville.
The transaction is projected to close in October 2013 and includes seven leased stores as well as major equipment. Financial terms of the deal were not disclosed.
“Publix has a strong financial foundation that allows us to aggressively grow throughout existing markets and our new Charlotte Division,” Publix CEO Ed Crenshaw said. “Publix offers differentiating services we know our customers have come to expect from us like premier service, valuable savings, quality products and knowledgeable associates.”
Grand opening dates for the locations will depend on the scope of the remodels. The acquisition will allow Publix to further enhance its footprint in the company’s Charlotte Division.
Public has already announced plans to open a new 49,000-square-foot supermarket at West Catawba Avenue and Jetton Road in Cornelius in late 2014.
Publix has 1,073 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. The company has been named one of FORTUNE’s “100 Best Companies to Work For in America” for 16 consecutive years.