7-Eleven completes a transaction with Strasburger Enterprises, acquiring 23 stores across the Texas market.
7-Eleven Inc. completed a transaction with Strasburger Enterprises Inc. to acquire 23 c-store locations in Texas.
Strasburger Enterprises Inc. stores, operated primarily under the brand name of Quix, are located across North and Central Texas. This acquisition brings the total number of 7-Eleven Inc. operated and franchised stores in Texas to 570, PRNewswire reported.
“7-Eleven is continuing its accelerated growth,” said Robbie Radant, 7-Eleven vice president of mergers and acquisitions. “This acquisition helps us meet the ambitious goals we have set.”
Radant said the company already met its goal of opening more than 600 stores in the U.S. and Canada last year. He said the company is “on target” to go over that number in 2012 and reach 630 store openings.
7-Eleven plans to remodel and rebrand most of the 23 locations before the end of 2012. The converted stores will offer 7-Eleven’s line of daily-delivered fresh foods and bakery, proprietary 7-Select products, Big Bite hot dogs, Slurpee and Big Gulp beverages and standard convenience items.
Radant said the company gave job offers to Strasburger employees who have been affected by the acquisition. He said they are more than “welcome” to the 7-Eleven team.
7-Eleven is the largest c-store chain in the retail industry, operating more than 9,200 stores in North America.