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Publix and Bi-Lo Holdings Announce Sale of Seven BI-LO Stores in the Carolinas



  Publix and Bi-Lo Holdings Announce Sale of Seven BI-LO Stores in the
  Carolinas

Business Wire

LAKELAND & JACKSONVILLE, Fla. -- September 13, 2013

Publix Super Markets, Inc. and Bi-Lo Holdings, LLC, parent company of the
BI-LO and Winn-Dixie grocery store chains, today announced they have entered
into an agreement under which Publix is expected to purchase seven
BI-LO-branded stores in North and South Carolina. The transaction is projected
to close in October 2013 and includes seven leased stores as well as major
equipment. Financial terms of the transaction were not disclosed.

“Publix has a strong financial foundation that allows us to aggressively grow
throughout existing markets and our new Charlotte Division,” said Publix CEO
Ed Crenshaw. “Publix offers differentiating services we know our customers
have come to expect from us like premier service, valuable savings, quality
products and knowledgeable associates. We’re excited to continue building
life-long relationships with our Carolina customers and communities.”

“We have and will continue to fine-tune our company and network of stores so
that we can reinvest in what matters most for our customers. Examples are our
recent announcements to acquire 165 stores from Delhaize Group and 22 stores
from Piggly Wiggly Carolina Company,” said Randall Onstead, president and CEO
of Bi-Lo Holdings. “This process is helping us fuel our long-term strategy of
providing the freshest foods and the best deals to a broader base of
customers. Where we are refining our store footprint with this transaction, we
will ensure impacted associates are treated respectfully and can pursue other
open positions in nearby stores.”

The BI-LO-branded stores that Publix will acquire from Bi-Lo Holdings include:

  * 8120 S. Tryon Street, Charlotte, NC
  * 12810 York Road, Charlotte, NC
  * 9815 Rose Commons Drive, Huntersville, NC
  * 158 Hwy. 274, Lake Wylie, SC
  * Fincher Farm Rd, Matthews, NC
  * 1735 Heckle Blvd., Rock Hill, SC
  * 2186 Cherry Rd, Rock Hill, SC

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. The company continues to look at
aggressive growth in the North Carolina market.

William Blair acted as financial advisor to Bi-Lo Holdings and K&L Gates LLP
and Driver, McAfee, Peek and Hawthorne L.P. are acting as legal advisors.

Publix is privately owned and operated by its 160,500 employees, with 2012
sales of $27.5 billion. Currently 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. In addition, Publix’s dedication to superior quality and customer
service is recognized as tops in the grocery business, most recently by an
American Customer Satisfaction Index survey. For more information, visit the
company’s Web site, www.publix.com.

Bi-Lo Holdings, LLC, the parent company of BI-LO and Winn-Dixie grocery
stores, is the ninth-largest conventional supermarket chain in the United
States based on net sales. The company employs nearly 60,000 associates who
serve customers in 686 grocery stores and 482 in-store pharmacies throughout
the eight southeastern states of Alabama, Florida, Georgia, Louisiana,
Mississippi, North Carolina, South Carolina and Tennessee. BI-LO and
Winn-Dixie are well-known and well-respected regional brands with deep
heritages, strong neighborhood ties, proud histories of giving back, talented
and loyal associates, and strong commitments to providing the best possible
quality and value to customers. For more information, please
visit www.bi-lo.com and www.winn-dixie.com.

Forward-Looking Statements for Bi-Lo Holdings

This press release includes forward-looking statements about future events,
which involve risks and uncertainties. Generally, the words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “could,”
“may,” “plan,” “potential,” “likely,” “goal,” “target,” “objective,”
“outlook,” “seek” and similar expressions identify forward-looking statements,
which generally are not historical in nature.

Forward-looking statements reflect our current expectations, based on
currently available information, and are not guarantees of performance.
Although we believe that the expectations reflected in such forward-looking
statements are based on reasonable assumptions, these expectations could prove
inaccurate as such statements involve risks and uncertainties, many of which
are beyond our ability to control or predict. Should one or more of these
risks or uncertainties, or other risks or uncertainties not currently known to
us or that we currently deem to be immaterial, materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those anticipated, estimated or projected. For these reasons, we caution
you against relying on forward-looking statements, which speak only as of the
date on which they are made. Except as may be required by applicable law, we
undertake no obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are made or to reflect
the occurrence of unanticipated events.

Contact:

Publix
Media Contact:
Maria Brous, 863-688-5339
or
Bi-Lo Holdings
Media Contact:
Brian Wright, 904-370-6104
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