BJ's strengthens supply chain with distribution center acquisition
BJ's Wholesale Club Holdings Inc. (BJ) announced Tuesday that it has acquired four refrigerated distribution centers, strengthening its perishable supply chain. BJ's acquired the facilities, private transportation fleets, property and other assets from Burris Logistics, one of the wholesale club's longtime partners. Other details of the transaction weren't disclosed. The distribution centers are located in Rocky Hill, Conn.; Orlando, Fla.; Elkton, Md.; and Independence, Ky. The deal is expected to close in the second quarter of 2022. BJ's stock is up 44.6% over the past year while the S&P 500 index has gained 14.4% for the period.
-Tonya Garcia
(END) Dow Jones Newswires
January 25, 2022 08:42 ET (13:42 GMT)
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