• Dollar Tree is acquiring Family Dollar

  • Two deep-discount heavyweights have combined their resources.
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  • Two deep-discount heavyweights have combined their resources.
    Dollar Tree Inc. announced plans today to buy Family Dollar for $8.5 billion.
    The acquisition creates will create a discounter with 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $18 billion and more than 145,000 employees.
    Dollar Tree is the nation's biggest operator of fixed-price point stores, selling everything for $1 or less. It has three stores in Medford, as well as locations in Ashland, Central Point and White City, along with two in Grants Pass. Family Dollar is among the country's top multi-price-point stores.
    Dollar Tree said it intends to retain and to grow both brands.
    Dollar Tree targets customers primarily in suburban areas and Family Dollar targets low- and lower-middle income households through urban and rural locations. The deal will enable Dollar Tree to serve a broader range of customers and deliver even greater value to them, company officials said in a statement announcing the deal.
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