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Jan. 25, 2022, 8:42 a.m. EST

BJ's strengthens supply chain with distribution center acquisition

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By Tonya Garcia

BJ's Wholesale Club Holdings Inc. /zigman2/quotes/203668982/composite BJ +1.33% 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 /zigman2/quotes/210599714/realtime SPX +2.47% has gained 14.4% for the period.

/zigman2/quotes/203668982/composite
US : U.S.: NYSE
$ 58.63
+0.77 +1.33%
Volume: 1.20M
May 27, 2022 4:00p
P/E Ratio
17.63
Dividend Yield
N/A
Market Cap
$7.93 billion
Rev. per Employee
$508,692
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/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
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