The Wall Street Journalreports that Belgian supermarket company Delhaize Group is acquiring Bi-Lo's assets, which includes most of Bi'Lo's 214 stores.
The assets include most of BI-LO's 214 stores, which are estimated to have realized over $2 billion in sales in 2008, Delhaize said. Delhaize will also take on most of BI-LO's inventory and the right to continue using the BI-LO brand, without assuming any of the supermarket chain's debt, a spokesman for the Belgium-based company said.
BI-LO was forced into Chapter 11 bankruptcy protection in March due to a heavy debt load that the company could no longer service.
The WSJ says once the deal is completed, Delhaize will integrate the BI-LO stores into its Food Lion chain.
The Wall Street Journal 
