After about 40 years in business, Dead River Co. is selling its 19 convenience stores to Alimentation Couche-Tard Inc.’s Circle K, Bangor Daily News reported.
“We’re not closing them; we’re selling them,” Alan Dorr, general manager for procurement at Dead River’s South Portland, Maine headquarters told the paper.
Dead River is exiting the convenience store business to focus on expanding its core business, which is selling home heating fuels and the installation and servicing of heating units.
The stores’ transition is scheduled to occur in December, with stores closing for several hours the night before the transition and opening shortly thereafter. Circle K officials plan to offer jobs to many of the approximately 300 employees at the Maine stores.