ABINGDON, VA (WJHL) – Food City announced plans Thursday to purchase 29 BI-LO supermarkets in the Chattanooga area. The acquisition includes 21 pharmacies and their locations range in size from 25,000 to 63,000 square feet.
“We are extremely excited to have this opportunity to expand our operation into the Chattanooga and north Georgia market, as part of our strategic growth plan. We very much look forward to joining their retail community and serving the region,” says Steven C. Smith, Food City president and chief executive officer. “Area consumers can rest assured that we plan to complete the conversion process as quickly as possible, with the least interruption to the normal flow of business.”
Food City says it plans to invest more than $40 million in capital improvements to the stores during the first year. It hopes revamp the markets and hire the vast majority of BI-LO’s nearly 2,000 associates.
“We are anxious to welcome the BI-LO associates to our team. We plan to retain their years of service and make the transition in benefits as seamless as possible. We certainly look forward to joining forces to serve the area residents and the community at large,” says John Jones, executive vice president and director of store operations for Food City.
Post-acquisition plans have not been completely finalized,
BI-LO shoppers can expect to find many of the brands and products they currently enjoy, blended with a wide variety of items offered by Food City. “It’s our intention to enhance the overall variety and selection and further develop the services and conveniences provided to shoppers,” adds Smith.
Company officials hope to finalize the acquisition by early fall.
The following is a list of locations Food City will expand:Tennessee:
- 7804 East Brainerd Road, Chattanooga
- 6951 Lee Highway, Chattanooga
- 1600 East 23rd Street, Chattanooga
- 4510 Highway 58, Chattanooga
- 703 Signal Mountain Road, Chattanoog
- 3801 Tennessee Avenue, Chattanooga
- 3600 Hixson Pike, Chattanooga
- 4011 Brainerd Road, Chattanooga
- 255 Ocoee Crossing North, Cleveland
- 2310 McGrady Drive, Cleveland
- 420 Market Street, Dayton
- 6723 Ringgold Road, East Ridge
- 3715 Ringgold Road, East Ridge
- 841 U.S. 411 North, Etowah
- 8634 Highway 58, Harrison
- 5604 Hixson Pike, Hixson
- 8530 Hixson Pike, Hixson
- 1667 Ooltewah-Ringgold, Ooltewah
- 9213 Lee Highway, Ooltewah
- 3901 Dayton Boulevard, Red Bank
- 10161 Old Dayton Pike, Soddy Daisy
- 342 Blue Ridge Street, Blairsville
- 502 G.I. Maddox Parkway, Chatsworth
- 1287 N. Glenwood Avenue, Dalton
- 531 Battlefield Parkway, Fort Oglethorpe
- 311 North Main Street, LaFayette
- 820 Mission Ridge Road, Rossville
- 112 Crimson Drive, Trenton