Brigade Capital and Macellum Capital to acquire the family dollar business from Dollar Tree for $1bn.

Brigade Capital, a global asset management firm, and Macellum Capital, an investment firm, agreed to acquire the family dollar business from Dollar Tree, a multi-price-point chain of discount variety stores, for $1bn. “Since 1959, Family Dollar has served its customers by offering convenient, high-quality products at a great value and the business is a pillar in communities across the United States. We look forward to continuing and enhancing Family Dollar as its own enterprise, which we are confident will drive greater success for the business and value for all of Family Dollar’s stakeholders, including employees, customers, and communities,” Matt Perkal, Brigade Partner.