The small grocery chain Bi-Lo bought Winn-Dixie last month in an effort to compete with bigger rivals. Winn-Dixie Stores Inc. will become a privately held subsidiary, and Gainesville residents will see the effects of this purchase on the three local Winn-Dixie stores.
The supermarket chain is being sold for $560 million to the Greenville, South Carolina, based LLC, creating a large grocery operator in the South. The combined company will have about 690 stores and 63,000 workers in eight states in the southern U.S.
The companies said that no store closings are expected and the name Winn-Dixie will remain because of its strong brand recognition in the South. The companies anticipate keeping headquarters in both Greenville and Jacksonville.