7-Eleven Inc. acquires 143 new locations in South Texas
From a news release
Jan. 3, 2013 at 9:02 a.m.
Updated Jan. 2, 2013 at 7:03 p.m.
DALLAS (Jan. 3, 2013) – 7-Eleven, Inc. continues its expansion in the Lone Star state with today’s announcement that the company acquired 143 Speedy Stop and Tigermarket retail locations from C. L. Thomas, Inc. of Victoria, Texas.
The acquisition, which closed Dec. 31, increases 7-Eleven stores’ footprint in San Antonio, where last month the country’s largest convenience retailer purchased 25 stores as part of its acquisition from TETCO, Inc. It also adds to 7-Eleven’s growing fuel wholesale-delivery business because the acquisition includes gasoline distribution to approximately 150 dealer-operated sites.
“We continue to build our presence in a rapidly growing area of the U.S., along the I-35 corridor from north of Dallas/Fort Worth to the Mexican border,” said Stan Reynolds, 7-Eleven executive vice president and CFO. “We expect to grow to more than 700 7-Eleven stores in Texas from last year’s 342 with this and other acquisitions we’ve made in 2012.”
7-Eleven plans to interview and offer qualified employees positions within the company.
The company will remodel and rebrand a significant number of the locations in 2013. Customers can expect more outlets for 7-Eleven’s fresh foods delivered daily, hot foods and signature products like 7-Select private brand, 7-Eleven coffee, Big Bite® hot dogs, Slurpee® and Big Gulp® drinks.
As the global leader of convenience retailing, 7-Eleven continues to grow its business in the U.S. through traditional store development, business conversions and acquisitions.
A full story analyzing the sale will appear in Friday's Advocate. If you have comments or suggestions for the story, please contact business reporter Allison Miles, email@example.com or 361-580-6511.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 9,500 7-Eleven® stores in North America. Globally, there are more than 48,400 7-Eleven stores in 16 countries. During 2011, 7-Eleven stores worldwide generated total sales close to $76.6 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Forbes magazine’s 2011 list of Top Franchises for the Money; #3 spot on Entrepreneur magazine’s Franchise 500 list for 2012, #3 in Forbes magazine’s Top 20 Franchises to Start, and #2 in Franchise Times Top 200 Franchise Companies. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven received the 2010 Retailer of the Year honor from PL Buyer because of the company's private-label brand initiative. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.