7-Eleven, Inc. Acquires 143 New Locations in South Texas from C. L. Thomas

7-Eleven, Inc. Acquires 143 New Locations in South Texas from C. L. Thomas

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 recently 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.

Source: PR Newswire