Indiana has joined 16 states in a Federal Trade Commission settlement as Dollar Tree Inc. prepares to acquire rival deep-discount store chain Family Dollar Stores Inc.
As part of the merger, 300 Family Dollar locations will be rebranded as Dollar Express stores, a new chain being launched by Sycamore Partners, a New York-based private equity firm. In a statement Monday, Indiana Attorney General Greg Zoeller said these five Family Dollar stores will be sold to Dollar Express:
- Diplomat Plaza, 4157 Cleveland St., Gary;
- County Market Place, 2535 Garfield St., Gary;
- 5307 Decatur Rd, Fort Wayne;
- 715 E. 38 St., Indianapolis; and,
- 9950 Pendleton Pike, Indianapolis.
“The several stores impacted in Indiana are important to the everyday options for local residents,” Zoeller said. “I wanted to ensure competition remained despite this large merger so that consumers had access to fair prices and the best merchandise.”
Zoeller said his office worked with the FTC and the other state attorneys general in conducting a national review of the transaction. The attorneys general have filed their lawsuit and proposed consent judgment in the Federal District Court for the District of Columbia.
Chesapeake, Virginia-based Dollar Tree operates more than 4,200 stores. Family Dollar, based in Matthews, North Carolina, operates more than 8,000 stores nationwide.
The other states involved in the settlement are Alabama, Florida, Iowa, Maine, Missouri, Maryland, Massachusetts, Mississippi, Nebraska, Oklahoma, Pennsylvania, Tennessee, Utah, Vermont, Virginia and West Virginia.