Complex sentence: In July 2000, after Food Lion's acquisition of Hannaford, Delhaize America, Inc. was formed and Kash n' Karry becoming a wholly-owned subsidiary of Delhaize America.
Split into simpler sentences: In July 2000, after Food Lion's acquisition of Hannaford, the holding company Delhaize America, Inc. was created. As a result, Kash n' Karry became a wholly-owned subsidiary of Delhaize America.