7-Eleven Inc. continues its expansion in the Lone Star state with today’s announcement that the company has 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 EVP 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.