FOOD LION TO MAINTAIN ACQUISITION STRATEGY

SALISBURY, N.C. -- Following two acquisitions last year, Food Lion will continue to pursue an acquisition strategy while maintaining a program of store growth, according to the chain's annual report. als and build value for shareholders into the future," Tom E. Smith, chairman, president and chief executive officer, wrote in his shareholder letter in the report.Smith said Food Lion grew "in a new

SALISBURY, N.C. -- Following two acquisitions last year, Food Lion will continue to pursue an acquisition strategy while maintaining a program of store growth, according to the chain's annual report.

als and build value for shareholders into the future," Tom E. Smith, chairman, president and chief executive officer, wrote in his shareholder letter in the report.

Smith said Food Lion grew "in a new way" last year with the acquisition in March of Food Fair, a seven-unit operator

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