7-Eleven acquires large c-store chain
Connect with us
Close Sidebar Panel Open Sidebar Panel
Merger and Acquisition and financial graphs

Carwash News

7-Eleven acquires large c-store chain

DALLAS — The acquisition more than doubles 7-Eleven’s footprint in the Greater Boston area.

Advertisement

DALLAS — 7-Eleven Inc. has closed on its acquisition of Tedeschi Food Shops, based in Rockland, Massachusetts, and its approximately 180 convenience stores, according to CSPnet.com.

Click Here to Read More
Advertisement

The acquisition more than doubles 7-Eleven’s footprint in the region, adding to its portfolio of 150 c-stores in the Greater Boston and Southern New Hampshire area, stated the article.

7-Eleven has offered Tedeschi employees who are working at the acquired stores job opportunities, added the article.

“The Tedeschi Food Shops stores complement our 7-Eleven store operations in the greater Boston area because of their geographical locations, food service focus, community-involved franchisees and commitment to serving their neighborhoods,” said Stan Reynolds, 7-Eleven’s chief financial officer and executive vice president, in the article.

Advertisement

The rebranding of the Tedeschi stores will be gradual, the article reported, and the acquired c-stores will continue to operate as Tedeschi Food Shops for now.

7-Eleven plans to remodel and rebrand several of the locations later this year, noted the article.

Read the entire article here.

Advertisement
Click to comment
Connect
Professional Carwashing & Detailing