Alimentation Couhce-Tard’s offer to acquire all of the shares of Statoil Fuel & Retail for NOK 51.20 per share in cash now expires in early June. Alimentation Couche-Tard Inc. announced that its voluntary offer to acquire all of the issued shares of Norwegian-based Statoil Fuel & Retail has been extended and will expire at 5:30…
Breaking News: 7-Eleven Acquiring Open Pantry
7-Eleven Inc. is in negotiations to acquire most of the Open Pantry Food Marts of Wisconsin chain, a move that would give the c-store behemoth with 6,800 stores across the U.S. a foothold in Wisconsin, where it currently has no stores, the Milwaukee-Wisconsin Journal Sentinel reported. 7-Eleven has reportedly applied for licenses for Open Pantry locations…
7-Eleven Acquires 51 ExxonMobil Locations
“We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start,” says 7-Eleven spokesperson. 7-Eleven Inc. has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concluded Jan. 20; terms of the deal were not disclosed. The 51…
Freudenthal Joins Imperial Tobacco Group
Kevin Freudenthal takes helm as region director–Americas and president and CEO of Commonwealth–Altadis Inc. Imperial Tobacco Group PLC, the world’s fourth-largest tobacco company, has appointed Kevin Freudenthal as region director–Americas and president and CEO of Commonwealth–Altadis Inc. He will assume his new position on Jan. 30, 2012, succeeding Graham Bolt who has retired from the company. Freudenthal brings a wealth of experience…
GIANT Acquires 16 Genuardi’s Family Market Locations
“We are very excited to have the opportunity to expand our presence in greater Philadelphia and serve new customers,” says GIANT Food Stores president. GIANT Food Stores of Carlisle, Pa. has entered into an agreement with Genuardi’s Family Markets, a subsidiary of Safeway Inc., to acquire 16 Genuardi’s stores in Greater Philadelphia for $106 million.…
Hershey To Acquire Brookside Foods
“The acquisition of Brookside is an opportunity for Hershey to expand our portfolio in this category,” says Hershey’s CEO. The Hershey Co. has reached an agreement to purchase Brookside Foods Ltd., a privately held confectionery company based in Abbotsford, British Columbia. Brookside is a chocolate confectionery company with products based on a unique formula…
Starbucks Looks To Reinvent Juice Segment With Acquisition
After buying Evolution Fresh Inc., Starbucks vows to create a never before seen retail model as it introduces a new health and wellness business based around the juice brand. Starbucks Corp. has acquired the San Bernadino, Calif.-based juice business Evolution Fresh Inc. for $30 million as part of a larger effort to move beyond just…
Circle K Buys 26 Stores From Chico Enterprises Inc.
Following the acquisition, Circle K will operate 29 locations in western Pennsylvania. Alimentation Couche-Tard Inc.’s Circle K has acquired 26 stores in three states from Chico Enterprises Inc. of Morgantown, W.Va., the Pittsburgh Tribune Review reported. Seven of those stores are located in western Pennsylvania, including outlets in North Fayette and in Dunbar, Fayette County,…
Former Phillips Oil Stations In Florida Sold
Sun State Oil to supply fuel to the multiple new owners that acquired the 30 properties. NRC Realty & Capital Advisors LLC’s subsidiary, NRC Realty Advisors of Florida LLC, has completed the sale of the final 30 properties formerly owned and operated by Ryan Phillips (Phillips Oil) and located in the panhandle of Florida. Sun…
7-Eleven Converts Wilson Farms Stores
Nine Wilson Farms stores are changing banners this year, with the rest scheduled for rebranding next year. Contractors are refurbishing; new signs are rising, and Slurpee machines are moving in as 7-Eleven Inc. undertakes the first of many equipment upgrades at Wilson Farms stores in western New York, converting them to the 7-Eleven banner. Starting…