Bi-Lo is moving its corporate headquarters to Jacksonville, Fla., company officials announced today.
This Bi-Lo at 1365 W. Wade Hampton Blvd. is among 206 stores in the grocery chain that was merged with Winn-Dixie Friday. Bi-Lo is moving its headquarters from Greenville to Jacksonville, Fla.
The move follows a completed merger Friday when Bi-Lo bought Winn-Dixie for $9.50 a share in cash, a total of $560 million. The shares, which will now cease trading, added a penny to close at $9.51 on Friday.
The remaining detail of the merger, Bi-Lo's move, was completed this morning.
Company officials said no store closings from either brand are planned as a result of the merger.
Bi-Lo said in a news release that Jacksonville is centrally located within the eight-state operating area of the merged company, which is called Bi-Lo Holding. The company is owned by Texas-based investment firm Lone Star Funds.
Bi-Lo has 206 stores in South Carolina, North Carolina, Georgia and Tennessee. Winn-Dixie has 480 supermarkets in the Carolinas, Georgia, Tennessee, Florida, Georgia, Alabama, Mississippi and Louisiana. Both supermarkets will continue to be operated under their respective Bi-Lo and Winn-Dixie banners.
Bi-Lo Chairman Randall Onstead was named president and CEO of Bi-Lo Holding. Winn-Dixie CEO Peter Lynch is leaving the company.
Winn-Dixie was founded in 1925 and fell upon financial difficulty in 2005 when it entered bankruptcy protection.
Bi-Lo stores in Greer are at 715 E. Wade Hampton Blvd., 1365 W. Wade Hampton Blvd., 2460 Hudson Road, and a store at 3619 Pelham is on the Greenville/Greer border. One Bi-Lo store is in Taylors at 3039 Wade Hampton Blvd.