Delhaize Acquisition
In 2003, Delhaize Group acquired the then 43-store strong Harveys chain for $26.1 million. Since the acquisition, Harveys and sister chain Food Lion have engaged in a number of synergies: over a dozen Food Lion stores have been converted to Harveys; Procurement, supply chain, and back office functions are now handled by Food Lion; and while Harveys management is still headquartered in Nashville, Georgia, they answer to Food Lion management in Salisbury, North Carolina.
In May 2006, Harveys announced they would close their warehouse and distribution center in Nashville, Georgia to trim costs and enhance the resources of Food Lion, affecting about 200 employees in the process. Food Lion will now support Harveys stores through their own distribution centers in South Carolina and Florida.
Read more about this topic: Harveys Supermarkets
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