New York Plan of Merger between Food Lion, Inc., Hannaford Brothers Company and FL Acquisition Sub, Inc.
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Founded and based in Salisbury, N.C., since 1957, Food Lion is a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize. For more information, visit foodlion.com.
Here are some advantages that can come with mergers and acquisitions: Improved economic scale. ... Lower labor costs. ... Increased market share. ... Enhanced distribution capacities. ... Increased legal costs. ... Expenses associated with the deal. ... Potentially lost opportunities. ... Negotiate important details.
Food Lion's parent company is Ahold Delhaize, the same owners since 1974. Delhaize merged with Ahold in 2015 and holds a wide range of retail stores in 10 different countries. In the United States, they also own the popular online grocery service FreshDirect, as well as my beloved hometown grocery store Giant.
In 2000, Delhaize America bought Hannaford; the purchase both eliminated an emerging competitor to its Food Lion chain in the Southeast and expanded Delhaize operations into the Northeast. Some Hannaford locations in North Carolina were sold to Lowes Foods upon the buyout by Delhaize while others were closed.
In addition to Hannaford, Delhaize owns Food Lion in the U.S., a chain based primarily in the Southeast. Ahold's U.S. holdings include the Stop & Shop chain in New England; the Giant chain, primarily in the mid-Atlantic; and online grocery service Peapod.