Village Pantry Inc. has acquired the business of Imperial Co. Inc. and its 33 Next Door Store locations in Michigan and Indiana. Terms of the acquisition were not disclosed.
Next Door Store sells premium branded fuel, convenience products, runs quick-serve restaurants, car washes and other service offerings.
“We are delighted to be adding the Next Door Store convenience stores to the Village Pantry portfolio of convenience stores to augment our footprint in two mid-western states,” Mick Parker, president and CEO of Village Pantry Inc. “We expect to take advantage of the economies of scale offered by this transaction and be better positioned to enhance the value proposition for our loyal customers. The transaction will also provide increased opportunities for growth and the continued rollout of new merchandising concepts.”
“This is a great opportunity for the Imperial Company/Next Door Store concept to join with Village Pantry, a company that shares our commitment to service and to our customers and associates,” said David C. Johnson, president of Imperial. “Both companies share a similar operating philosophy and have no location overlap. It is a great fit for both organizations.”
Village Pantry is an affiliate of Sun Capital Partners Inc.