GOODLETTSVILLE, Tenn. — The Federal Trade Commission approved the sale of 323 Dollar Express stores to Dollar General, reported Reuters. Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.
As Drug Store News reported earlier this month when the transaction was first announced, the Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General.
Terms of the 323-store sale were not disclosed.
Both Sycamore and Dollar General did not immediately respond to requests for comment from the news outlet.
Dollar General operates more than 12,500 stores in 43 states.
To read the Reuters report, click here.