Food Lion hopes to gobble up most of financially troubled rival Bi-Lo.
Belgium-based Delhaize Group, which owns Food Lion, announced Monday it is in talks to buy stores and inventory for $425 million from the Mauldin-based supermarket chain.
Bi-Lo filed for bankruptcy protection in March after it was unable to refinance or repay a $260 million loan that was due.
Delhaize said Monday that it would integrate Bi-Lo stores into its Food Lion unit if the deal is approved by the U.S. Bankruptcy Court.
Bi-Lo was formed after the purchase of Red Food Stores by a Dutch company. The Bi-Lo store in Summerville has been closed for several years; however, Bi-Lo continues to operate in LaFayette.
It is not clear at this time if Food Lion plans a name-change for Bi-Lo stores if the deal is approved.