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A new supermarket company, Belle Foods, announced that an agreement has been reached with Southern Family Markets LLC and several of its subsidiaries to purchase all 57 grocery store locations of the Southern Family Markets grocery chain headquartered in Birmingham, Alabama. The stores are located in Alabama, Florida, Georgia, and Mississippi, and operate under banners such as Food World, Piggly Wiggly, Bruno’s, and Southern Family Markets.

Terms of the transaction were not disclosed.

William (Bill) White, the CFO of Big Y Foods and a 30-year industry veteran, formed Belle Foods and serves as the President and CEO. His son, Jeff White, serves as the Chief Administrative Officer.

“We are very excited about this acquisition and look forward with great anticipation to growing this business, being strong partners in the communities we will serve, and bringing back the family-owned roots which have always made these stores so special,” Bill White said.

“This transaction brings many great opportunities to all who are involved,” stated Max Henderson, President of Southern Family Markets. “It will allow the business to continue its commitment to its communities, to develop and grow its associates, and to improve operations.”

According to the announcement, “Belle Foods intends to provide offers of employment to Southern Family Markets employees, as it works with representative unions through the transition. The Food Partners is acting as Southern Family Markets’ strategic and financial advisor for the transaction, which is expected to be finalized during the ensuing weeks. After the transition is complete, Birmingham Logistics LLC, a subsidiary of C&S Wholesale Grocers, Inc., will continue to provide the full array of warehousing, distribution, and procurement services to all stores.”
KC's View:
It strikes me as being more than a little ironic that as one major company announces layoffs and cutbacks, there is evidence of entrepreneurial energy in another locale as a company comes into existence and expresses confidence in the future. I love it.

I look forward to visiting these stores as the folks at Belle Foods put their imprint upon them ... and I hope they are ambitious in their plans and aggressive in their implementation.

Remember the Latin proverb: "Fortes fortuna adiuvat.”