Dollar General expands into three new states

Dollar General (NYSE:DG) announced store openings in three new states: Oregon, Maine and Rhode Island. The chain now owns locations in 43 states and is continuing to expand, despite losing its recent bid for Family Dollar.

Earlier this year, the company's long quest to acquire Family Dollar (NYSE:FDO) came to an end as stockholders voted in favor of a merger with Dollar Tree (NASDAQ:DLTR) stores.

Family Dollar had been urging shareholders to approve the $8.5 billion takeover deal from Dollar Tree, even though Dollar General offered a higher—$9.1 billion—unsolicited bid. Eventually, Dollar General took its offer directly to Family Dollar shareholders, but to no avail.

The new Dollar General stores in Maine and Rhode Island will use the company's distribution center in Bethel, Pennsylvania, which celebrated its grand opening last May. And Oregon stores will use the Lebec, California, distribution center, which opened in April 2012.

"It's very exciting to move into these new states and grow the Dollar General brand," said Rick Dreiling, Dollar General's chairman and CEO. "We continue to be focused on sustainable growth and doing what we do best, which is serving our customers with everyday low prices, convenience and exceptional value. Increasing Dollar General's footprint in these states gives us a presence and opens further growth opportunities in both the Northeast and Pacific Northwest, where we see tremendous growth potential for Dollar General."

For more:
-See this Dollar General press release

Related stories:
Family Dollar stockholders approve Dollar Tree acquisition
Dollar General raises Family Dollar bid
Dollar General to continue bid for Family Dollar
Family Dollar 'misled,' rejects takeover bid by Dollar General
Dollar General offers cash for Family Dollar


 

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