Delhaize America Inc. is about to become the fifth largest supermarket operator in the nation on the strength of a $3.6 billion, 38-store acquistion from Hannaford Bros. Co., operator of about 150 stores in New England and New York.

Hannaford is selling the stores in North Carolina and Virginia to settle antitrust concerns. Salisbury-based Delhaize is paying Hannaford $79 a share, cash and stock.

Hannaford shareholders are expected to receive about $2.7 million in cash and about $650 million in Food Lion class A common stock. Delhaize America is also assuming about $300 million in Hannaford debt. Delhaize owns the Food Lion, Kash ‘n Karry and Save ‘n Pack chains.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.