FOOD LION TO ACQUIRE FOOD FAIR UNITS

SALISBURY, N.C. -- Food Lion here said it has signed an agreement to purchase the assets of Food Fair of North Carolina, an 11-store chain based in Winston-Salem, N.C.The transaction, which will be finalized in March, represents the chain's first major acquisition since 1984, when it purchased 23 supermarkets from Giant Markets, Kingsport, Tenn.Food Fair's annual sales exceed $73 million. The value

SALISBURY, N.C. -- Food Lion here said it has signed an agreement to purchase the assets of Food Fair of North Carolina, an 11-store chain based in Winston-Salem, N.C.

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