“The combination of TETCO’s retail and wholesale operations will make this 7-Eleven’s largest acquisition since the company accelerated its growth plan four years ago,” says Stan Reynolds, 7-Eleven executive vice president and chief financial officer. 7-Eleven signed an agreement to acquire the retail and wholesale assets of TETCO, Inc. The assets include company-operated convenience stores…
BP Sells Its Carson Refinery And ARCO Retail Network To Tesoro
“As an established refiner and marketer, Tesoro provides a strong future for the business and for its employees,” says Iain Conn, chief executive of BP’s global refining and marketing business. BP reached an agreement to sell its Carson, Calif., refinery and related logistics and marketing assets to the Tesoro Corporation for $2.5 billion in cash…
7-Eleven Acquires 23 Texas Stores
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…
Speedway To Acquire 10 Road Ranger Sites
The sale of 10 Road Ranger locations in Ohio and northern Kentucky is expected to close by the end of July. Speedway LLC has signed an agreement to acquire 10 convenience stores throughout Ohio and northern Kentucky from Road Ranger LLC, Reuters reported. Speedway paid for the transaction with cash and a truck stop located…
7-Eleven Reports Growth From 2011 Onward
7-Eleven doubles its numbers from 2003 to 46,000 total stores After breaking both international and domestic store growth records last year, 7-Eleven Inc. plans to have even more growth in 2012. Last year, the chain added more than 4,600 stores throughout the world. About 600 of these stores were built, acquired or transitioned from another…
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…
Starbucks Opens Evolution Fresh
The coffee giant delves into fruit and vegetable juices with the debut of its new juice bar chain. Starbucks Corp. debuted its first Evolution Fresh juice bar store on Monday. The launch is expected to boost the company’s position in the $50 billion health food sector, Reuters reported. Starbucks bought Evolution Fresh for $30 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…
Pilot Flying J Acquires Travel Center in North Dakota
“The travel center will serve this community through products and services as well as contribute to the local economy through jobs and tax revenue,” says Pilot Flying J CEO. Pilot Flying J recently acquired a travel center in Grand Forks, N.D., and will remodel the Pilot Travel Center to feature full amenities for professional drivers…
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…