Food Lion Owner Acquires BI-LO Assets

Davis, Avram
October 2009
Mergers & Acquisitions Report;10/12/2009, Vol. 22 Issue 41, p28
This article reports on the acquisition of the asset of portfolio company BI-LO LLC by the Belgian international food retailer Delhaize Group in 2009. Retail investor Lone Star Funds sold the assets to the owner of Food Lion LLC for 425 million U.S. dollars in cash. The asset sale includes 214 stores and about 15,500 employees.


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