BJ's Wholesale Club Plans to Acquire Assets and Operations From Burris Logistics; Bob Eddy, Jeff Desroches, and Donnie Burris Discuss
WESTBOROUGH, MA - BJ’s Wholesale Club is taking a long-term partnership to the next level with a recent acquisition. The chain recently unveiled a newly formed agreement to acquire the assets and operations of four distribution centers and the related private transportation fleet from key partner Burris Logistics.
“For more than 20 years, we have enjoyed a true partnership with the Burris Logistics team as we distribute the freshest perishable products to clubs throughout our chain. As we continue to accelerate our new club growth, broaden our footprint, and expand our fresh food offerings, we are excited to insource these capabilities to support our future growth,” said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. “I want to thank the entire Burris team for their partnership, and we look forward to welcoming the Burris team members supporting the BJ’s operations to our family.”
With the completion of the acquisition, BJ’s will take ownership of four perishable goods distribution centers in Rocky Hill, Connecticut; Orlando, Florida; Elkton, Maryland; and Independence, Kentucky; as well as the personnel of these facilities, the associated real estate property, and the capital operational assets.
The transaction will allow BJ’s to insource its perishable supply chain, as explained in a press release.
“We look forward to welcoming all of the talented Burris Logistics team members who have supported our business to the BJ’s supply chain team,” said Jeff Desroches, Executive Vice President and Chief Operations Officer, BJ’s Wholesale Club. “The addition of these four facilities and the private fleet is part of a larger strategy to expand and scale efficient supply chain capabilities, positioning BJ’s for continued growth while delivering the best quality and freshest products to our members.”
Burris Logistics and BJ’s Wholesale Club have partnered for years to support the daily supply chain operations of the chain’s perishable business.
“BJ’s has assembled a fantastic business and team. Burris Logistics has been proud to partner with BJ’s on its growth and transformation over the last several years,” said Donnie Burris, Chief Executive Officer, Burris Logistics. “This acquisition represents the next chapter in Burris Logistics’ evolution and presents amazing opportunities for both BJ’s and the team members at these distribution centers. I am incredibly proud of what we have created and extremely excited to see the future growth for all involved.”
The acquisition has been unanimously approved by both companies’ Boards of Directors. The deal is expected to close in the second quarter of 2022; financial terms have not been disclosed.
With this strategic acquisition underway, how will BJ’s Wholesale Club expand its operations next? Keep reading AndNowUKnow to find out.