JACKSONVILLE, Fla. — Bi-Lo Holding, the new parent company of both Bi-Lo  and Winn-Dixie , will eventually migrate its headquarters here, where Winn-Dixie Stores had been based, the company said Monday.
As previously reported, Winn-Dixie shareholders on Friday voted to approve the acquisition of the chain by Bi-Lo for $560 million. The combined company has 688 stores and about 63,000 employees. The company said it would continue operate under the two banners.
“With the merger of Bi-Lo and Winn-Dixie now complete, we can begin delivering on this exciting combination for the benefit of our customers, team members and communities,” said Randall Onstead , president and chief executive officer of Bi-Lo Holding.
The Jacksonville location is “centrally located within its eight-state operating area,” the company said Monday. “While both companies enjoy a strong heritage of support from their local communities, the Jacksonville-based infrastructure is best positioned to host the combined Bi-Lo and Winn-Dixie support center, corporate office and distribution facilities.”
The company plans to maintain a presence in the Greenville, S.C., area, where Bi-Lo is based, both for distribution and local store support. Bi-Lo is currently supplied by C&S Wholesale Grocers , Keene, N.H., while Winn-Dixie is self-distributing.
According to local reports, Michael Byars will remain in Mauldin, S.C., as Bi-Lo's president.