Southern Family Markets Acquisitions II LLC, a division of C&S Wholesale Grocers Inc., signed an agreement to purchase Bruno’s Supermarkets LLC through an auction.

The Birmingham, Ala.-based Bruno’s filed for Chapter 11 bankruptcy protection in February, after losing half of its market share in three years.

According to a company statement, Birmingham-based Southern Family Markets plans to keep 31 of the stores open and liquidate the remaining 25. The transaction is valued at $45.8 million.

A hearing is set for May 4 for approval of the agreement.

“I am pleased that we were able to come to an agreement with Southern Family that not only preserve jobs at our store locations but also delivers more value to our creditors than other potential outcomes would,” said Jim Grady, chief restructuring officer, in a statement.

When it filed for bankruptcy, Bruno’s said it intended to borrow money from its sister chain, Mauldin, S.C.-based Bi-Lo LLC. Bi-Lo filed for Chapter11 bankruptcy protection in late March.

An article in the Mobile Press-Register indicates the following stores will remain open:

  • Bruno's No. 51, 3780 Riverchase Village, Hoover;
  • Bruno's No. 70, 509 S. Alabama 119, Alabaster;
  • Bruno's No. 84, 2001 E. McFarland Blvd., Tuscaloosa;
  • Bruno's No. 304, 100 Plantation Point Shopping Center, Fairhope;
  • Bruno's No. 306, 1545 Gulf Shores Parkway, Gulf Shores;
  • Bruno's No. 309, 6729 Spanish Fort Blvd., Spanish Fort;
  • Bruno's No. 310, 306 S. University Blvd., Mobile;
  • Bruno's No. 323, 4350 Old Shell Road, Mobile;
  • Food World No. 15, Cullman Shopping Center, Cullman;
  • Food World No. 27, 4400 University Blvd., Tuscaloosa;
  • Food World No. 30, 251 Mary Esther Cutoff, Mary Esther, Fla.;
  • Food World No. 49, 3225 Rainbow Drive, Rainbow City;
  • Food World No. 53, 518 Pelham Pkwy., Pelham, Ala.;
  • Food World No. 54, 216 Green Springs Highway, Homewood, Ala.;
  • Food World No. 58, 2891 Allison-Bonnett Memorial Drive, Hueytown, Ala.;
  • Food World No. 61, 4055 Cottage Hill Road, Mobile, Ala.;
  • Food World No. 114, 2501 Government Blvd., Mobile, Ala.;
  • Food World No. 124, 2519 W. Meighan Blvd., Gadsden, Ala.;
  • Food World No. 141, 8084 Davis Highway, Pensacola, Fla.;
  • Food World No. 142, 4320 Lillian Highway, Pensacola, Fla.;
  • Food World No. 145, 309 Main St., Trussville, Ala.;
  • Food World No. 213, 6032 W. U.S. 90, Milton, Fla.;
  • Food World No. 223, 7859 Pine Forest Road, Pensacola;
  • Food World No. 234, 4200 McFarland Blvd, Tuscaloosa, Ga.;
  • Food World No. 247, 641 Bear Creek Road, Tuscaloosa;
  • Food World No. 330, 2962 Dauphin Island Parkway, Mobile;
  • Food World No. 334, 3710 Dauphin St., Mobile;
  • Food World No. 337, 112 Saraland Loop Road, Saraland, Ala.;
  • Food World No. 339, 7361 Theodore-Dawes Road, Theodore, Fla.;
  • Food World No. 362, 4051 Barrancas Ave., Pensacola;
  • Food World No. 369, 1104 John Sims Parkway, Niceville, Fla.