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.
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.
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.
