The Publix grocery chain will buy two closed and vacant Lowes Foods stores in North Carolina, including one in Gastonia.
The deal, announced Tuesday, is expected to close later in April. Terms of the transaction weren’t disclosed, and the two companies said opening dates will depend on the scope of the store remodels.
The stores being sold to Publix include one that closed in Gastonia at 1949 Hoffman Road, as well as one in Cary.
Florida-based Publix, which entered the North Carolina market in February 2014, operates 1,097 stores in six states in the South, including 11 in the Charlotte area. It is scheduled to open its newest Charlotte store in South End on Saturday.
Lowes Foods, based in Winston-Salem, operates 97 full-service supermarkets in North Carolina, South Carolina and Virginia and employs about 9,000 people. Lowes Foods operates eight other stores in the Charlotte area.
“The sale of these closed and vacant store locations is part of our comprehensive growth strategy that includes accelerating investment in rebranding existing stores, building new stores, and evaluating strategic marketplace opportunities,” Lowes Foods President Tim Lowe said in a statement.