NORTH CHARLESTON, SC - Two Independent Piggly Wiggly store owners, with the support of C&S Wholesale Grocers, Inc., have entered into an agreement with Southeastern Grocers, Inc., to acquire one BI-LO store in South Carolina and one BI-LO store in Georgia.
This agreement is part of a series of transactions for SEG as part of their strategic decision to divest of the BI-LO banner, which was announced on June 4. Piggly Wiggly stores in South Carolina and Southeast Georgia, which are independently owned and operated, are supported and supplied by C&S Wholesale Grocers.
"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."
The transactions are expected to close in mid-January 2021 and are subject to the satisfaction of customary closing conditions. Upon completion of the transaction, the acquired stores will be rebranded under the Piggly Wiggly banner name.
With the additional stores converting to the Piggly Wiggly banner, C&S Wholesale Grocers will service a total of 55 Piggly Wiggly locations in South Carolina and Southeast Georgia.